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The California Earthquake Authority (CEA) is set to close its Ursa Re 2017-1 cat bond above target at $925mn, according to sources
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The parent company for Louisiana insurer Maison, 1347 Property Insurance Holdings (PIH), reported a first quarter underwriting loss for the second year running due to storm activity.
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Homeowners' carrier United Insurance Holdings (UIH) and American Coastal have joined forces to create the third largest player in the Florida residential property market
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Markel Catco has closed the majority of its side pocket investments related to the 2015 Pemex oil rig fire and explosion after redeeming the side-pocketed shares.
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Hudson Structured Capital Management acted as a lead investor on a $45.5mn private debt arrangement for Catalina General Insurance, the investment manager announced.
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First quarter returns from a number of ILS funds investing in private reinsurance instruments have come in significantly below gains delivered in the same period last year, in what is likely a reflection of elevated catastrophe activity in Australia
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Great American Insurance Company is seeking to raise up to $190mn of reinsurance cover from a renewal of its Riverfront Re cat bond, Trading Risk understands.
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Hannover Re passed just EUR5.4mn of first quarter catastrophe losses to its retro partners as it bore the impact of US tornadoes, Chilean wildfires and Cyclone Debbie largely on its own balance sheet
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Federated National's first quarter net profit dropped 67 percent year-on-year following tornadoes in the Florida Panhandle and Louisiana
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Lloyd's insurer Novae said its special purpose arrangement (SPA) launched with ILS fund manager Securis was a significant factor behind growth in the first quarter, as it reported a 25.5 percent increase in gross written premiums to £324.9mn ($421.6mn)
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Twelve Capital was the majority investor in a $45.5mn debt issuance from legacy insurer Catalina, the ILS manager announced today.
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Florida insurer Avatar Property and Casualty Insurance Company is targeting $100mn for its debut cat bond, Casablanca Re 2017-1, Trading Risk understands.
