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Several new ILS vehicles are in the works for 2018, marking a resurgence of interest in managing third-party capital from Lloyd's carriers that have been late to the game in setting up such platforms

Industry analysts have estimated that the ILS market could pick up as much as 15-25 percent of total insured claims from this year's major disaster losses, but looking at disclosures to date suggests the sector is currently assuming its share will fall at the lower end of expectations

This year began with a flurry of cat bond transactions while existing sponsors took advantage of the soft market and expanded their coverage, as 2017 set a new record for cat bond issuance.

Some of the ILS platforms run by the major catastrophe reinsurers appear to have taken heavier losses from the third quarter disasters relative to the burden on their parent companies, but there are a variety of reasons why this has proved the case.

ILS start-up Tangency Capital is planning to build a quota share retrocession portfolio in the 2018 renewals, offering an alternative spin on a reinsurance fund of funds strategy, sources said.

AIR Worldwide has slashed its range of loss estimates for Hurricane Maria to $27bn-$48bn, down from an initial $40bn-$85bn range.

Markel will be seeking to recruit a new a chief reinsurance officer to oversee its ceded reinsurance after managing director of reinsurance Robert Blazer leaves the specialty carrier, sister publication The Insurance Insider reported.

The $75mn class D layer of Nationwide Mutual's Caelus Re V cat bond has triggered and is expected to be a significant loss after the insurer recorded major wildfire claims, according to sources

Average ILS returns came to 0.35 percent in October as some funds took wildfire claims, according to the Eurekahedge ILS Advisers Index.

Schroders has decreased its share in Markel Catco's Reinsurance Opportunities Fund from 9.3 to 4.1 percent, according to a London Stock Exchange announcement.

Beazley is to unveil an ILS-backed special purpose arrangement (SPA) at the January renewals which will write facilities, sister paper The Insurance Insider has confirmed.

Is 10-20 percent up the new flat?