The Californian Earthquake Authority is seeking to raise a further $400mn reinsurance cover from a new issuance of Ursa Re cat bonds, Trading Risk sources have said.
Swiss Re said it would proceed with a CHF1.0bn ($1bn) share buyback programme after taking $4.0bn of catastrophe claims in the first nine months of 2017
Nephila Capital has provided $500mn of risk capacity to a new advisory firm, Resilience Economics, that will pitch climate risk transfer solutions to prominent institutions and governments
