Stocks

Argo has let the senior tranches of its 2013 Loma Re cat bond mature, as it continues to imply in its latest loss report that the riskiest layer of the deal will take at least a $19.5mn loss, sources said

Private equity firm Stone Point Capital is backing the bid by the founding family of AmTrust to buy out the company's other shareholders and take the beleaguered company private in a $1.37bn transaction.

United Insurance Holdings (UPC Insurance) renewed its quota share programme and placed its aggregate reinsurance with a single reinsurer in the January renewals.

Hannover Re said it had expanded its K quota share and multi-territory aggregate cover in the January renewals, adding that average rates had gone up "slightly".

The National Flood Insurance Program (NFIP) has boosted its reinsurance cover by 40 percent purchasing $1.46bn for a premium of $235mn.

MS Amlin has launched a $60mnn sidecar named Viribus Re, which will support MS Amlin Syndicate 2001, it announced today.

Munich Re has raised a second round of capital for the 2018 incarnation of its Eden Re sidecar, taking its total size to $300mn - down from $360mn last year.

Stone Ridge's two reinsurance funds reported losses of 4.85 percent and 9.00 percent respectively in its financial year ending 31 October 2017, according to the manager's latest annual report

Lloyd's insurer Neon confirmed the launch of its new UK-based sidecar, NCM Re, as it raised $72mn of capital to establish the vehicle - up from a previously reported $60mn target

Australian insurer IAG has kept its overall catastrophe reinsurance protection steady in 2018, leading the amount of business it placed through the subscription markets to fall after it lined up quota share deals with three European carriers last year

The Leo Re vehicle set up by Dutch pension fund service provider PGGM to take risk ceded by Munich Re has expanded to $400mn for 2018, from $200mn in 2017.

Artex listed two cat bond lites totalling $83.81mn on the Bermuda Stock Exchange (BSX) at the end of last year.