Perils said limits at risk placed using its industry loss data reached $3.1bn as of 31 August, up 17 percent on $2.7bn recorded at the same point last year, due to the addition of Australia and Turkey to the database.
Even though Hurricane Irma has taken a less damaging course through Florida for the (re)insurance market, it could still impact pricing, Leadenhall Capital CEO Luca Albertini said at the Munich Re ILS roundtable hosted in Monte Carlo.
Hudson Structured Capital Management (HSCM) Bermuda has invested client funds with specialist managing general agency (MGA) Sciemus, which will be used to expand its Lloyd's underwriting platform.