The ILS market has not yet fully replaced the capital lost or trapped as a result of this year's hurricane events, Horseshoe Group CEO Andre Perez said during an ILS Bermuda event held in London today.
Twelve Capital has predicted that the private ILS or collateralised reinsurance market will see premium rate increases ranging from 10 to 30 percent in 2018, depending on the line of business
Ascot Group's CEO said that its new reinsurance platform, Ascot Re, will be primarily focused on North American property catastrophe risk and may also look to write retrocession business.
Floridian insurer Heritage has received regulatory approval to close its acquisition of north-east carrier NBIC Holdings, the parent company of Narragansett Bay Insurance Company.
