Aetna Life Insurance has launched a new $200mn Vitality Re IX cat bond, which will provide it with annual aggregate cover for its health insurance business.
Suncorp said claims from hailstorms in Melbourne last month had resulted in it outstripping its H1 catastrophe claims budget by A$60mn-A$70mn ($47mn-$55mn).
United Insurance Holdings (UPC Insurance) renewed its quota share programme and placed its aggregate reinsurance with a single reinsurer in the January renewals.
Hannover Re said it had expanded its K quota share and multi-territory aggregate cover in the January renewals, adding that average rates had gone up "slightly".
