Stocks

Five tranches of Bermuda-listed cat bonds, worth a combined total limit of $366.8mn, have had their maturity dates extended in the past week.

Stone Ridge was a leading supporter of some of the new sidecar vehicles that emerged at January's renewal, including Sussex Capital and deals from MS Amlin and Chaucer.

Earlier this year, while reinsurance risk-takers were being buffeted by winter storm losses and rising wildfire and hurricane claims, another niche corner of the financial markets was experiencing its own "vol-mageddon".

Brit Insurance's Bermuda head of property treaty Julia Henderson has left the company, according to sources.

A $300mn Merna Re 2018-1 cat bond has been listed on the Bermuda Stock Exchange (BSX), as the State Farm's Merna Re 2015-1 cat bond matures.

Securis-backed Special Purpose Arrangement (SPA) 6129 made a loss of £31.4mn ($44.2mn) in 2017 following the year's major catastrophe losses.

Colorado State University scientists have predicted a more active Atlantic storm season this year, which is likely to result in seven hurricanes, three of them major.

Swiss Re CEO Christian Mumenthaler said yesterday that M&A was "definitely on the table" for its corporate solutions division, which has become an area of scrutiny for analysts following poor results.

Lloyd's managing agency Argenta has been given the go ahead to launch a special purpose arrangement (SPA) sponsored and capitalised by Hannover Re.

Ratings agency Demotech has affirmed the A financial stability rating of Florida Specialty following the carrier's loss portfolio transfer deal with Sirius America Insurance Company.

Arcus syndicate 1856 reported a £7.7mn loss in 2017 as the Credit Suisse-backed syndicate's combined ratio deteriorated to 111.7 percent.

Nephila's Lloyd's syndicate 2357 fell to a $120.6mn loss in 2017 as its combined ratio spiked up to 167 percent.