-
The storm is producing tornadoes on its way up the US east coast.
-
An expanding book of primary business and the elimination of quota share agreements helped boost profits. -
The company confirmed it had bought $500mn of additional catastrophe aggregate.
-
Some managers also had to increase prior-year reserves, Eurekahedge ILS Advisers said, but June returns still came in stronger than historical levels.
-
AIG turned a $2mn investment loss from its small stake in the ILS manager's funds.
-
The estimated containment date for the fire is 17 August, according to the US Forest Service.
-
The NHC has warned of heavy rainfall, storm surges and flooding as the storm moves northeast.
-
Parts of South and North Carolina are under hurricane warning but the storm is expected to bypass the city of Charleston.
-
Financial hub Shanghai has been placed on yellow alert.
-
The firm's ILS AuM remains at $1.5bn nominally, but reserves pulled deployable capital to $1bn.
-
The blaze started on Friday and had spread to over 20,000 acres by Monday morning.
-
The storm is now expected to make landfall in the Carolinas late Monday.
