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Demotech said it would update the market on affirmations or ratings downgrades of Florida insurers by 16 March
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The Korea Post is looking to allocate to the ILS sector by the second quarter of this year, according to its website
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Aberdeen Asset Management has lifted its stake in the Blue Capital Global Reinsurance fund significantly with the acquisition of almost 2 million shares, taking its stake in the fund above 5 percent.
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Florida's Citizens Property Insurance has asked for board approval to call its $300mn Everglades Re II 2015-1 cat bond early in order to take advantage of current market conditions when arranging new cover this year
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Allstate Insurance Company is seeking to raise $300mn from a new four-year Sanders Re cat bond, Trading Risk understands.
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Lloyd's syndicate Icat 4242 has increased the target size of its Buffalo Re cat bond by 31.6 percent to $164.5mn, Trading Risk understands.
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Heritage's $125mn Citrus Re 2017-1 cat bond has priced at the bottom end of the revised guidance range provided earlier this week, sources told Trading Risk.
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The California Earthquake Authority (CEA) expanded its maturing reinsurance limit by about $300mn in January to help cover its growing book, it is understood.
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The spread on Heritage's $125mn Citrus Re 2017-1 cat bond has been reduced amid investor demand, sources told Trading Risk.
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Markel-owned Catco Reinsurance Opportunities Fund has shuffled its non-executive directors, with chairman Nigel Barton moving to become chairman of a different investment vehicle, the Markel Catco Reinsurance Fund
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Property Claim Services (PCS) designated 43 catastrophe events in the US last year, which cost insurers $21.0bn, the agency said
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The capital markets could provide a viable option for the transfer of "uninsurable" cyber risks, but further innovation is needed to convince investors, Swiss Re has claimed
