ILS manager Hudson Structured Capital Management (HSCM) and Everest Re have agreed a strategic relationship that will see the reinsurer act as anchor investor in a new insurance technology fund that HSCM is launching early this year.
Blue Capital reported a 0.03 percent loss in February for its London-listed Alternative Income fund, as an ILS industry benchmark is also showing negative returns for the month based on current data.
Florida insurers are running up high costs of settling claims linked to Hurricane Irma, as loss adjustment expense (LAE) levels reach roughly 20 percent or more of total claims, sources have told Trading Risk.
Bushfires that swept through rural parts of New South Wales and Victoria states over the weekend have been classified as a catastrophe event by the Insurance Council of Australia (ICA).
