-
There was some livecat industry loss warranty (ILW) trading in the run-up to Hurricane Harvey, with activity focused on trades at the $10bn loss level.
-
Markel Catco reported a 3.94 percent return for ordinary shareholders in the Catco Reinsurance Opportunities Fund for the first half of 2017, as it avoided any major claims from the year's disaster events.
-
JLT Re has appointed Nicolas Bardon as a partner in its Bermuda operation, reporting to head of office Guy Hengesbaugh.
-
Reinsurance and retro buyers obtained further rate reductions at the 1 July renewals, although Australian catastrophe losses led to isolated price increases.
-
Markel Catco Investment Management commuted part of its exposure to last year's Jubilee oil field loss in June, which it said cost it the equivalent of 1 percent of net asset value.
-
Willis Re said that retro rates on loss-free accounts dropped by 5-10 percent in the mid-year renewals.
-
Despite a softer-than-expected 1 June Florida renewal, hedging activity in the industry loss warranty (ILW) market has been slow, with buyers holding back amid a glut of capacity, sources said.
-
New York-listed Blue Capital Reinsurance Holdings said that it had deployed more capital in this year's Florida renewal than at the same time last year, binding indemnity deals that brought it $4.7mn of annual premium.
-
Catastrophe loss tracking agency Perils and the UK Met Office have released a new European windstorm catalogue showing the gust footprints of more than 200 of the largest European windstorms since 1979.
-
As 1 June Florida renewal negotiations come to a head in the next fortnight, there are a number of dominant themes influencing discussions.
-
Pricing transparency in the ILS markets is deteriorating as the collateralised reinsurance market has ballooned, Lane Financial suggested in its latest annual ILS report
-
JLT Re has taken up a licence to facilitate industry loss warranties (ILWs) using PCS loss estimates as triggers, PCS parent Verisk announced.
