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.
The number of assignment-of-benefits (AOB) lawsuits in Florida rose for a third straight year reaching 129,781 in 2017, according to the Florida Justice Reform Institute.
The Bermuda Monetary Authority (BMA) has been criticised for demanding new disclosures from local alternative reinsurance operators without sufficient consultation with involved parties.
