Claims and losses

New disclosure on the ILS manager shows AIG made a Q1 profit on its allocation to AlphaCat funds after a Q4 loss.

Documents show only one of its ILS investments, in the Medici cat bond fund, delivered a positive return for the year to 30 June 2018.

The subtropical storm is not expected to pose a threat to land, the NHC said.

The fund’s ordinary shares added 0.85 percent during the month.

Carriers that wrote more premium include Swiss Re, Munich Re, RenaissanceRe and Everest Re, while Hiscox Re and Axis posted reductions in top line income.

In April, TSR reiterated its early prediction that North Atlantic hurricane activity will be slightly below the long-term norm.

Issuances from United Insurance Holdings, American Integrity Insurance Company and Safepoint have all reflected an uptick in pricing compared with prior-year benchmarks.

The bill still needs to pass two further Senate votes before heading to the state’s Assembly.

Mitsui Sumitomo has put its Typhoon Jebi losses up to 258bn yen ($2.4bn), compared with an initial estimate of 140bn yen.

This will have implications for Allstate, State Farm, USAA and other insurers which have sued the utility over Camp Fire losses.

The insurer’s net combined ratio worsened to 110.6 percent for Q1.

Losses taken by the Everest Re sidecar more than doubled year on year.