The Texas Windstorm Insurance Association (TWIA) will reset its Alamo Re 2017 cat bond to trigger at a lower level after its Hurricane Harvey losses wiped out the association's funds.
Aeolus's private equity backers Elliott Management Corporation and Wand Partners have furthered their investment in the insurance space with the acquisition of US life insurer Prosperity Life Insurance Group.
Federated National recorded a net income of $6.3mn in the fourth quarter, rebounding from an $8.8mn loss in the year-earlier period following Hurricane Matthew
