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RenaissanceRe CEO Kevin O'Donnell has said that the group's gross losses of about $2.2bn from third quarter catastrophes had been slashed by two-thirds due to cessions to third party capital and reinstatement premium income
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New York-listed Blue Capital Reinsurance Holdings reported a $51.9mn net loss for the third quarter as it took losses of $68.1mn from hurricane events in the quarter.
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Aspen ceded more than 40 percent of its gross losses from the third quarter catastrophes to its reinsurance and retro partners, the company's executives said on an earnings call
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Markel CatCo Investment Management has raised more than $1.8bn for its privately managed fund after the 2017 hurricane losses.
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Insurance boutique merchant bank Kingsway Financial Services has registered a new ILS fund, Insurance Income Strategies, that it hopes to list on the New York Stock Exchange.
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Markel Catco has today announced its intention to raise further equity capital through the issuance of up to 2 billion shares in its London-listed fund, priced at $1 a share
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Scor's retrocession arrangements have reduced Scor's gross losses for HIM and the Mexican earthquakes by 44 percent, equity analyst Jefferies has said based on Scor's recent loss update.
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Retro market sources have expressed surprise at Markel Catco's initial loss estimate for 2017 catastrophe events, after it said investment returns for the year could range from a 5 percent gain to a 15 percent loss.
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Property Claims Service (PCS) will include National Flood Insurance Program (NFIP) information in its insured loss estimates disclosures for the first time
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Marco Silva has become senior underwriter and head of UK and London market property at Scor after leaving the carrier's retro team in May
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The roughly $5bn-$6bn industry loss warranty (ILW) market is expected to be heavily impacted by the series of 2017 hurricane losses
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Annual aggregate cat bonds with industry loss triggers continue to raise concerns for investors as the ILS market recovers from the Harvey-Irma-Maria trio of hurricanes
