AM Best kept its negative outlook for the global reinsurance market, saying conditions may only "improve slightly," given the uncertainty over any significant pricing rise.
California's insurance commissioner Dave Jones has ordered the state's insurer of last resort for property owners, Fair Plan, to end a ban on writing new policies in areas threatened by wildfires
XL Catlin has formed a partnership with private investment firm Gallatin Point Capital LLC as part of a move to expand its alternative capital capabilities, Trading Risk understands
Insured losses from the six southern Californian wildfires will reach at least into the hundreds of millions of dollars, according to an Impact Forecasting report.
LGT ILS Partners has transformed Bermudian reinsurance vehicle Collateralised Re into a rated entity called Lumen Re which has been assigned an insurer financial strength rating of "A" by AM Best
