The ILS market will pick up about a quarter of the $80bn-$100bn of Q3 catastrophe claims, said AM Best's chief rating officer Stefan Holzberger at the rating agency's London market conference.
Markel Catco said it would offer investors in its London-listed Reinsurance Opportunities Fund the chance for larger annual dividend payouts in response to their feedback.
Ascot Underwriting, the Lloyd's division of the insurer owned by the Canada Pension Plan Investment Board (CPPIB), has received approval to boost its planned gross written premium for 2018 by 23 percent.
A reform bill for the National Flood Insurance Program was approved by US House of Representatives and will now be sent to the Senate for consideration.
