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Hannover Re's retrocessionaires picked up EUR145.0mn ($158mn) of major losses in the first nine months of 2016, up from EUR133mn of claims ceded in the same period last year
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Nephila Capital's fronting partner State National reported a 2 percent year-on-year increase in programme services revenues to $19.3mn in the third quarter
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Third-party assets in RenaissanceRe's Medici cat bond funds surpassed the capital base of its Upsilon funds in the third quarter.
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Universal Insurance Holdings (UIH) has entered into a risk-linked transaction that provides the Florida primary insurer with $10mn of cover, according to a US SEC filing
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The California Earthquake Authority (CEA) will seek $300mn from its latest Ursa Re cat bond, sources told Trading Risk.
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The California Earthquake Authority (CEA) will seek $300mn from its latest Ursa Re cat bond, sources told Trading Risk.
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American Strategic Insurance is seeking to raise $200mn for named storm and severe thunderstorm insurance cover from a new Bonanza Re cat bond, Trading Risk understands.
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Guernsey-domiciled rated reinsurance company Humboldt Re is on track to write gross written premium (GWP) of approximately CHF156mn ($160.26mn) for 2016, above its original top line target, according to AM Best
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The World Bank has renewed the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) for a fifth time, providing insurance coverage for Pacific Island countries of up to $38.2mn.
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USAA is set to close its Residential Re 2016-II cat bond at an expanded $400mn, as pricing on the deal settled at the low end of the revised forecast range, Trading Risk understands.
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Capital invested in illiquid nonlife insurance-linked securities (ILS) is growing at an annual rate of 5 percent while the cat bond market remains flat, according to Willis Capital Markets & Advisory.
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The Turkish Catastrophe Insurance Pool (TCIP) renewed its EUR2.4bn ($2.6bn) reinsurance programme with rate reductions of just over 10 percent on a risk-adjusted basis, our sister title The Insurance Insider revealed.
