Swiss Re
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The insurer has dropped Maiden Re for the quota share arrangement on the $2.9bn book.
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The government also said it is exploring the possibility of issuing a cat bond in the near future.
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Javier Rivas left the company last month for a new role at the Spanish life insurer.
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The reinsurer’s Sigma report says just over half of economic losses were insured, as in 2017.
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The outbreak is eligible for cover under a 2018 pandemic cat bond sponsored by the World Bank. -
There have been 452 confirmed cases in the latest Ebola outbreak.
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October represented the fourth monthly loss registered in 2018 on the Eurekahedge ILS Advisers index.
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The bond will provide the insurer with US multi-peril protection on an indemnity per occurrence basis.
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Third-quarter catastrophe losses resulted in a 1.8 percent to 5.2 percent hit to the shareholder equity of global reinsurers, with major catastrophe writers all impacted.
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It will take an additional EUR350mn in Q4 from Trami and Michael.
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The reinsurer reported a net profit of $634mn for its P&C division for the nine months to 30 September.
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The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.
