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Flood and debris warnings issued in wildfire areas

Heavy rain is forecast to drench the areas affected by the wildfires Northern California on Tuesday evening local time.

Reynolds to leave JLT as Howard stays on at Guy Carp

The JLT Re CEO will step down with immediate effect.

Axa XL buys up New Ocean

This comes after the (re)insurer shifted away from offering market-facing ILS vehicles.

Jebi and Trami temper Japan insurer profits

MS&AD will recover more than half its gross 2018 typhoon losses from reinsurers.

• Brit gains first UK MISPV licence with Sussex PCC
• RMS puts wildfires losses at $9bn-$13bn
• Camp Fire blaze razes 14,400 structures: Cal Fire
• Reinsurers fear $10bn+ wildfire loss
• PCS puts Hurricane Michael losses at $7.1bn
• USAA’s high-risk ResRe cat bond reaches $200mn

Opinion

Some pockets of the ILS market aren't that deep

Narrative matters more than numbers when it comes to the great ILS reload

The RenRe-TMR deal shows why ILS managers are acquiring rated paper

Is it ever possible in reinsurance to get loss reserves 'just right'?

Analysis

Q3 results show manageable cat impact

Third-quarter catastrophe losses resulted in a 1.8 percent to 5.2 percent hit to the shareholder equity of global reinsurers, with major catastrophe writers all impacted.

Disparity around Hurricane Michael losses as early reports emerge

Reinsurance market sources expected Hurricane Michael to cause insured industry losses of $10bn, but the limited number of public loss estimates released to date suggest Florida insurers are hoping it will remain below this level.

Tokio Millennium Re sale leaves opportunity in fronting market

Tokio Millennium Re’s agreed sale to RenaissanceRe will open up an opportunity for competitors to enter the fronting market.

Nephila’s valuation sets aspirational benchmark for ILS managers

Two M&A deals in the ILS sector in the past month provide a contrasting view on what kind of acquirers may step forward in the future.

Supplements

Monte Carlo Roundtable 2018

What’s in a promise to pay? That was one of the questions that was circulating at this year’s Monte Carlo Rendez-Vous.

Investor Guide to ILS: H2 2018

The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.