ILS investors are closely monitoring the World Bank's pandemic cat bond, as a partial payment could be triggered if a major outbreak of Lassa fever widens in Nigeria, sources told Trading Risk.
Mt Logan assumed $323.7mn of catastrophe losses during 2017, as the sidecar's liabilities made up just over a quarter of reinsurance receivables due to its sponsor Everest Re at year-end.
US commercial property prices showed low single-digit increases in the fourth quarter, after dropping for much of the recent past, according to Willis Towers Watson.
Canopius is considering setting up a Bermudian sidecar as it looks to reduce its catastrophe exposure following a management buyout from Sompo this month.
