Perils has given an initial loss estimate for extra-tropical Cyclone Eleanor of EUR 643mn ($789.3mn), coming in well below modelled loss projections that the storm could surpass EUR1bn in damages.
Arch Capital has put its fourth quarter net catastrophe losses at just $0.8mn, as losses from the Californian wildfires were offset by reductions to its claims linked to third quarter hurricanes.
Markel Catco's "eye-catching" hike to its wildfire loss reserves in its December monthly report implies that the Californian disasters triggered the firm's "floating back-up" pillars, according to a Numis analyst's note.
Japanese insurer Zenkyoren has returned to the cat bond market after a one-year absence, with a $250mn two-tranche Nakama Re 2018-1 cat bond which will cover Japanese earthquake risk.
Seven new tranches of tradeable ILS notes have been issued on Solidum Partners' private blockchain with the deals totalling around $15mn of reinsurance limit, the Zurich-based ILS manager said.
