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Confirmed Lassa fever deaths have risen from 72 to 95 in Nigeria, the World Health Organization (WHO) said, as the figure remains below the level required to trigger a payout under the World Bank's pandemic cat bond.
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Florida-headquartered insurer UPC has returned to the cat bond market with a new Armor Re offering, sources said.
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PCS has released an initial loss figure for Winter Storm Riley of $1.36bn, according to sources.
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Floridian insurer Safepoint's Manatee Re 2018-1 cat bond has settled at $200mn, an increase of 21 percent from the initial target size of $165mn.
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MS&AD Insurance Group's Akibare Re 2018-1 typhoon cat bond has settled at the upper end of a revised target range at $320mn, as pricing dropped to the lower end of the updated guidance.
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Several low-lying aggregate tranches of Residential Re cat bonds are expected to pay out to USAA after the insurer's winter storm losses took its annual covered losses to $1.03bn, Trading Risk understands.
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Pricing on Japanese catastrophe programmes has been flat in the latest renewals, despite attempts from reinsurers to leverage the 2017 cat losses to secure improved terms.
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Allstate's Sanders Re 2018-1 cat bond has expanded by 25 percent to $500mn, as pricing dropped to 550 basis points, the lower boundary of the initial guidance range.
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Pricing for both tranches of MS&AD Insurance Group's Akibare Re 2018-1 typhoon cat bond has fallen below the initial guidance, as the insurer seeks to expand the deal to $300mn-$320mn.
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Florida insurers are running up high costs of settling claims linked to Hurricane Irma, as loss adjustment expense levels reach roughly 20 percent or more of total claims, sources have told Trading Risk.
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The Texas Windstorm Insurance Association will reset its Alamo Re 2017 cat bond to trigger at a lower level after its Hurricane Harvey losses wiped out the association's funds.
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Elementum joins SBAI; Gemini Re targets mid-year launch; Willis sets up resilience insurance facility
