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Allstate takes $670mn net hit from Camp and Woolsey fires

The carrier’s $1.2bn gross loss from the two wildfires would trigger the carrier’s nationwide programme, which attaches above $500mn.

California Wildfire claims reach $9bn

The vast bulk of the claims have come from the Camp Fire which has $7bn in insured losses to date.

How will Markel Catco disruption impact broader 1.1 renewal?

Markel will consider the future of its ILS subsidiary Markel Catco in 2019.

Single-digit rate rises possible for US cat-exposed primary insurance

There will be some small increases on loss-affected areas but next year is expected to be stable, USI said in its 2019 Commercial Property & Casualty Market Outlook.

• Ebola deaths near pandemic bond trigger
• CoreLogic: 2018 wildfire losses could reach $20bn
• Blue Capital expects $17mn catastrophe losses in Q4
• Enstar and Allianz partner on legacy joint venture
• Citizens calls for 8.2% rate increase
• Benchimol to stay at Axis for 5 more years

Opinion

It’s easy to blame Stone Ridge redemptions on fickle retail money, but is it a sign of wider discomfort?

How do ILS investors know whether they’re being paid enough for shouldering catastrophe risks?

The challenges of 2018 may fray received reinsurance wisdom

Some pockets of the ILS market aren't that deep

Analysis

2018: the year losses caught up with ILS managers

January 2018 opened the year of the “great reload” for ILS managers.

Life ILS deals reach new highs in 2018

ILS funds with life strategies reported substantially higher transaction volumes in 2018, helping to drive growth in assets under management (AuM).

Wildfire concerns contribute to tighter retro market

The retro market is likely to tighten at this year’s renewals as investors pause and reconsider their strategies following another year of substantial losses.

Insurers seek to shift wildfire losses to utilities

Insurers are seeking to claim roughly $10bn through subrogation lawsuits against Pacific Gas and Electric in relation to the 2017 wildfire losses.

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.