Hannover Re has extended the maturity on a $50mn Seaside Re cat bond lite transaction that it fronted, a Bermuda Stock Exchange (BSX) announcement noted.
The intellectual capital that AlphaCat will bring AIG will be an important factor in AIG's success going forward, an analyst has said commenting on the AIG-Validus buy-out.
Australian insurer QBE has said it added a further $130mn to its 2017 fourth quarter losses following the wildfires in California, storms in Australia and adverse developments from Hurricane Maria.
Collateralised operators are among the leading reinsurance providers to Validus, which will need to reshape its buying strategies after it becomes part of the vast AIG network
