ILWs

A rating correction is widely expected in 2018 after reinsurers said they would push for increases in response to catastrophe losses that have highlighted their softer margins

Four of the listed Florida insurers have ceded more than $1.2bn of third quarter catastrophe claims to their reinsurers, based on estimates from their quarterly disclosures

The California wildfires have prompted write-downs to aggregate cat bonds covering USAA and Nationwide, although the former has revised down year-to-date catastrophe loss estimates that had suggested a payout under one of its Residential Re deals, Trading Risk understands

At this point there are a lot of questions being asked in the reinsurance markets and few definitive answers available. As it is a journalist's privilege to ask questions, let's go through some on the list

The 2017 catastrophe events have highlighted the extent to which ILS managers are benefiting from industry loss warranty (ILW) hedging, but market sources have questioned where the losses will ultimately fall as more clarity is gained over HIM claims in months to come

Collateralised reinsurance fund strategies took losses of 10-20 percent in September, Trading Risk understands

Reinsurance pricing seems to rely on a certain amount of collective signalling in as much as it does number-crunching - as underwriters gauge how far they can push rates without losing business, by looking for fear in the eyes of their opposition

New York-listed Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of third quarter catastrophes

Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of Q3 catastrophes, on top of reported losses.

Hannover Re has ceded 47 percent of its 2017 natural catastrophe losses to its retrocession partners, the firm said in its third quarter report.

Barbican is in the early stages of planning to raise third-party capital in order to write collateralised retro cover for Lloyd's syndicates, it is understood.

Barbican is planning to raise £160mn ($209mn) of capital to fund a collateralised reinsurance vehicle that provides stop-loss retro cover to Lloyd's syndicates