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RenaissanceRe CEO Kevin O'Donnell said in an earnings call that catastrophe reinsurance rate increases should continue in the mid-year renewals.

Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.

Bermuda-based Validus Holdings said $78mn of its $120.8mn Q4 losses were attributable its insurance-linked securities management unit AlphaCat.

XL Group's operating profit fell 10 percent to $116.1mn in Q4 as a result of catastrophe losses totalling $315.2mn, the company said yesterday.

Markel Catco has set the maximum net return on the Catco Reinsurance Opportunities Fund's 2018 portfolio at 23 percent, according to a London Stock Exchange note.

Chubb reported a 16 percent increase in core operating earnings to $1.49bn for the fourth quarter as a $450mn one-time tax benefit helped offset $447mn of California wildfire-driven cat losses.

Guy Carpenter's underlying revenue growth was up 7 percent for the fourth quarter of 2017, Marsh & McLennan Companies (MMC) said.

RenaissanceRe's third-party capital platforms have engaged in substantial fundraising post-HIM, the Bermudian reinsurer revealed, as it disclosed its fourth-quarter results.

Renaissance Re has reported a net loss of $177.1mn in 2017 for its DaVinci Re sidecar.

The African Risk Capacity (ARC) has partnered with the United Nations Economic Commission for Africa (ECA) to increase insurance coverage in Africa following the rising costs associated with climate change.

Blue Capital Reinsurance Holdings has reported a net loss of $43.2mn for 2017, following a string of third and fourth quarter catastrophes, it said in its fourth quarter results.

ILS managers are "running toward" the potential to grow their market share rather than running away from last year's losses, Willis Towers Watson Securities said in its latest market report.