Stocks

The deal took 2020 cat bond lite volumes to $84.5mn.

Smaller-scale ILS firms won further market share as investor reshuffling continued.

Bermuda carrier tactics highlight increased reliance.

Quota share and aggregate-property cat contracts are under watch as a result of the recent Australian bushfires but occurrence covers will probably remain mostly unscathed, sources expect.

The reinsurance fund manager is targeting expansion outside the catastrophe space with private funds.

Overall sidecar capacity has been cut by more than 20 percent, sources estimate.

The Netherlands-based life insurer said it is currently unwilling to bear volatility and will be closing down its $300mn ILS portfolio.

Claims from the catastrophe have increased to 13,750 up from 10,550 at the end of last week, the ICA told local media

As its Interval fund has continued to shrink, the manager has taken in private fund assets for both cat and non-cat risks.

The funds raised for Eden Re II this renewal have reached $285mn down from $300mn last year.

As more claims emerge from the December-January fires, aggregate reinsurance contracts will be exposed to rising losses.

The deal may replace a $55mn sidecar listed this time last year, which sources said provided reinsurance for a short-tail property insurance book.