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.
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.
PCS has largely reversed an earlier cut to its loss forecast for Hurricane Irma, estimating the insured damage at $17.2bn, sister publication The Insurance Insider reported.
Axis CEO Albert Benchimol said the company had significantly grown the amount of business it cedes to third-party capital in 2018 as it said it had more than $1.05bn of alternative capital support for property catastrophe business.
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.
