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An update to RMS's medium-term hurricane model will result in 8-10 percent reductions to projected annual average losses from US hurricanes for the typical cat bond market risk level of 1-in-100- or 250-year return periods
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Florida Citizens Property Insurance CEO Barry Gilway said the insurer expected to buy only $1.1bn to $1.3bn of total reinsurance limit in the mid-year 2017 renewals
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Convergence may be a preferred term for the ILS markets, but arguably it is becoming just as much of a misnomer for today's industry as the now outmoded "alternative reinsurance"
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ILS funds and reinsurers on IAG's aggregate reinsurance programme will bear a notable loss for the second year running
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Blackstone has agreed to buy Aon Hewitt's benefits administration and HR business process outsourcing platform for $4.8bn.
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City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.
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The latest update to RMS's medium-term hurricane model will show a 16 percent drop in annual average losses for US storms
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US insured losses from severe winter weather and a rare January outbreak of tornadoes are expected to come in above $1bn, according to an Impact Forecasting report from Aon Benfield.
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Everest Re posted $11mn of earnings and fee income from its Mt Logan Re vehicle last year, down from $28mn in 2015 as a result of catastrophe losses and lower incentive fees, the company's chief financial officer disclosed on an earnings call.
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Swiss family office and ILS investor PG3 has recruited former Secquaero structuring manager Tibor Winkler as an ILS portfolio manager
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Munich Re took EUR600mn ($640mn) of major losses in the fourth quarter, including EUR232mn ($247mn) from Hurricane Matthew and EUR251mn ($268mn) as a result of the New Zealand earthquake.
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AlphaCat Managers said its $5mn private cat bond Alpha Terra Validus I was linked to a retrocession deal for Latin American reinsurer Terra Brasis Resseguros.
