Everest Re made an underwriting profit in the fourth quarter as it benefited from a $102.7mn reduction in catastrophe losses recorded in the third quarter.
London-based insurer Barbican has announced that it will launch a property direct and facultative (D&F) underwriting platform in Bermuda, writing risk on behalf of the company's Lloyd's syndicate 1955.
The Blue Capital Alternative Income Fund is expected to deliver returns of 8-13 percent in 2018, up by roughly a third compared to the 6-10 percent expected return from its 2017 portfolio, the ILS manager announced.
Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.
