Floridian carrier Heritage Insurance Holdings expects to reclaim $104.4mn from several tranches of its Citrus Re cat bond issuances following Hurricane Irma, Trading Risk has learned.
United Insurance Holdings (UPC) lined up a new panel of quota share providers in January, as the firm said it had already renewed some of its loss-hit reinsurance layers ahead of the 1 June renewal.
Zenkyoren's Nakama Re 2018-1 cat bond has more than doubled over the course of marketing to reach $700mn, after being marketed with an initial size of $250mn, Trading Risk understands.
PartnerRe took a $28mn operating loss for the fourth quarter as the impact of Q4 catastrophes was partially offset by a $23mn reduction in estimated losses from Hurricanes Harvey, Irma and Maria.
Alleghany took a $1.7mn loss during the full year from its investment in Pillar Capital, as a fourth quarter profit of $1.2mn from the Bermudian ILS manager partly offset third quarter losses.
