Stocks

Aspen said it would take $135mn in net losses related to the Southern California wildfires during the fourth quarter, as an uptick in primary insurance losses also contributed to a $245mn underwriting loss for the quarter.

Travelers reported lower than anticipated catastrophe losses in the fourth quarter as it was able to release $157mn of pre-tax reserves related to the third quarter hurricanes.

Hannover Re has extended the maturity on a $50mn Seaside Re cat bond lite transaction that it fronted, a Bermuda Stock Exchange (BSX) announcement noted.

Collateralised operators are among the leading reinsurance providers to Validus, which will need to reshape its buying strategies after it becomes part of the vast AIG network

AIG said that the AlphaCat asset management franchise was one of the attractions of its $5.56bn bid for Bermudian (re)insurer Validus Group.

Blue Capital has reported that the net asset value (NAV) of its Blue Capital Alternative Income Fund dropped by 24.85 percent during 2017, according to an announcement on the London Stock Exchange

Diversification has been the flavour of the week for my colleagues writing comment pieces over the past few days, influenced by developments such as RenaissanceRe's move to invest in legacy and life risks.

AlphaCat has renewed a $5mn cat bond lite transaction that it did last year off the back of a retrocession deal for Latin American reinsurer Terra Brasis Resseguros.

Argo Group has renewed its Harambee Re sidecar for 2018 at an unspecified size, the company announced today

Brit's launch of Sussex Re was not influenced by the timing of last year's losses but was set up to build on its existing sidecar business, Brit CFO Mark Allan told Trading Risk.

Sequant Re; First Republic; Private equity buy-up; PGGM's Leo expansion

Renaissance Re has extended $3.3mn of its $140.0mn Fibonacci Re 2017-1 ILS issuance, a Bermuda Stock Exchange (BSX) announcement has revealed.