Stocks

Four of the listed Florida insurers have ceded more than $1.2bn of third quarter catastrophe claims to their reinsurers, based on estimates from their quarterly disclosures

Investors waiting to move into the ILS sector could seize their chance in the post-loss environment, but speakers at this year's Trading Risk New York Rendez-Vous questioned whether the price reaction to 2017 catastrophes would be enough to draw in more opportunistic actors

Credit Suisse US plan; Catco to raise $250mn; BlackRock targets cat bonds

Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of Q3 catastrophes, on top of reported losses.

PCS has circulated an initial insured loss estimate of $7.32bn for the recent California wildfires, sister title The Insurance Insider has reported.

United Insurance Holdings (UPC Insurance) has confirmed that its net catastrophe losses for the third quarter stand at $82.6mn, but did not provide an update of its gross hurricane claims.

Federated National claimed $288.6mn from reinsurers in the third quarter following $310mn of losses from Hurricane Irma.

Prudential and affiliated companies under the M&G brand have lowered their stake in Markel Catco's London-listed Reinsurance Opportunities fund, according to a stock exchange announcement.

Alleghany took a $9.4mn loss in the third quarter from its share in results managed by Bermudian ILS manager Pillar Capital, down from a $5.9mn profit a year earlier

Unreported losses from the third quarter catastrophe events should largely close the $70bn gap between disclosed claims and overall industry loss estimates, according to Morgan Stanley analysts

The $70bn gap between reported third quarter cat losses and industry loss estimates can be largely accounted for by (re)insurers and alternative markets that have not disclosed their losses, according to Morgan Stanley analysts

The winds of hurricanes Harvey, Irma and Maria have propelled 2017 into being one of the reinsurance market's most expensive years for catastrophe losses ever.