United Insurance Holdings (UPC Insurance) has confirmed that its net catastrophe losses for the third quarter stand at $82.6mn, but did not provide an update of its gross hurricane claims.
Hiscox Re said it was already seeing hardening of rates within property catastrophe reinsurance sector following Q3 losses, as it said loss-affected cat rates could rise 30 percent.
Prudential and affiliated companies under the M&G brand have lowered their stake in Markel Catco's London-listed Reinsurance Opportunities fund, according to a stock exchange announcement.
Barbican is in the early stages of planning to raise third-party capital in order to write collateralised retro cover for Lloyd's syndicates, it is understood.
