The Californian Earthquake Authority (CEA) is set to raise $400mn of cat bond cover from the Ursa Re 2017-2 transaction at pricing that has settled in line with its expectations, Trading Risk understands.
The Bermuda Monetary Authority (BMA) has estimated that (re)insurers on the island have incurred net losses of $31.2bn for hurricanes Harvey, Irma and Maria (HIM).
Cat risk modelling group RMS reiterated its forecast loss range for Hurricane Maria of $15bn to $30bn and has suggested insured losses from the storm could be lower than some observers had feared
The retro spiral of the late 1980s nearly finished Lloyd's off. But those hoping that an ILW spiral might entangle and trip up the ILS market in similar complications will have to wait another day.
PartnerRe posted a $396.8mn increase in non-life reinsurance recoverables during the third quarter, as it took $472mn of net losses from hurricanes Harvey, Irma and Maria (HIM).
