Stocks

Hannover Re's platform Kaith Re has issued two cat bond lites, according to the Bermuda Stock Exchange.

The Leo Re vehicle set up for Dutch pension fund service provider PGGM last year has issued a further $260mn of securitised notes, according to a Bermuda Stock Exchange listing

Munich Re has raised $83.66mn for its Eden Re II 2018-1 sidecar, according to a Bermuda Stock Exchange listing

Chaucer has formed a $95mn collateralised reinsurance sidecar to provide capacity for Chaucer Syndicate 1084's global reinsurance portfolio

Blue Capital recorded a 0.67 increase in net asset value (NAV) for its London-listed Alternative Income Fund in November, according to a London Stock Exchange announcement.

Hannover Re's segregated cell platform Kaith Re has issued a $20mn cat bond lite, according to a Bermuda Stock Exchange listing

California's insurance commissioner Dave Jones has ordered the state's insurer of last resort for property owners, Fair Plan, to end a ban on writing new policies in areas threatened by wildfires

Florida carrier United Insurance Holdings (UPC Insurance) said its $150mn public debt offering which closed yesterday would enable the company to participate in future opportunities

Florida carrier United Insurance Holdings (UPC Insurance) is seeking to raise $150mn of capital through a debt issuance.

Markel Catco has set up a further loss reserve of 4.4 percent of net asset value (NAV) for its Catco Reinsurance Opportunities Fund to cover losses from the wildfires in northern California in October, according to a London Stock Exchange announcement.

Markel Catco has raised $3.37mn by issuing new shares in its Reinsurance Opportunities Fund, according to a London Stock Exchange announcement.

Australian insurer IAG has signed quota share deals with Munich Re, Swiss Re and Hannover Re as it seeks to reduce earnings volatility.