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AM Best affirmed its A- ratings on Humboldt Re and Kelvin Re, two reinsurance vehicles managed by Credit Suisse's ILS team, after it said that each would report an underwriting loss for 2017.
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Hannover Re said that more than EUR350mn of losses it reported in the third quarter was taken in the form of risk fronted for ILS managers.
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Liberty Mutual executives told investors that the company had recorded gross catastrophe losses of just over $2bn from Hurricanes Harvey, Irma and Maria, which reduced to $1.2bn after reinsurance recoveries.
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Returns from a group of cat bond funds tracked by Trading Risk produced an average 3.96 percent loss in the third quarter, plunging from the Q3 2016 figure of up 2.0 percent
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Everest Re ceded $197.4mn third quarter catastrophe losses to its Mount Logan sidecar, the firm's 10Q filing shows.
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Hannover Re has ceded 47 percent of its 2017 natural catastrophe losses to its retrocession partners, the firm said in its third quarter report.
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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
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Al Selius has joined $21bn asset manager BlueMountain Capital as an ILS portfolio manager, sources told Trading Risk.
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RenaissanceRe raised $248.6mn of fresh equity for its DaVinci Re sidecar as of 1 October, after investors in the vehicle took a $255.5mn loss in the third quarter
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Everest Re's Mt Logan sidecar posted a $116mn drop in assets under management during the third quarter to reach $833mn on 1 October, compared to $949mn at 1 July.
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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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BlackRock has added catastrophe bonds to the list of investment targets for a new opportunistic fixed income fund it is launch
