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Manatee cat bond pared back to $40mn

Safepoint had initially hoped to raise $75mn from the ILS deal in a sign of tight capacity and increased rate demands in Florida.

US hit by over $1bn of weather damage in past week: Impact Forecasting

Insurance is set to cover the majority of hail- and wind-related losses.

American Integrity cat bond settles at $50mn

The Florida-based insurer was initially seeking $75mn for the single-tranche cat bond.

Coriolis brand to remain after Scor sale before longer-term integration

Coriolis execs Diego Wauters and Martin Jones will stay for at least two years to continue to run the business.

• Florida AOB bill signed into law by governor
• California Senate approves disaster insurance bill
• NOAA predicts near-normal Atlantic hurricane season
• Scor’s Coriolis buy will take ILS AUM to $2.1bn
• American Integrity cat bond set to price at top of range
• Scor expands Atlas cat bond by 43%

Opinion

The growing camp of reinsurer-affiliated ILS shops doesn’t mean the market is more uniform

Even if Markel wanted to revamp the Catco offering, so many steps in the process are out of its control

ILS harmonisation might be the goal, but sometimes getting to that point can create discord

ILS must be a central part of Neal's ambitious vision at Lloyd's

Analysis

Florida reinsurance market share reshuffles post-Irma

With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.

Insurers welcome Florida legal changes but hold fire on pricing impact

The main point of concern has been over lawyers' ability to find new ways around the clampdown on the AOB regime that has led more claims to court.

Reinsurers split on growth in Q1

Carriers that wrote more premium include Swiss Re, Munich Re, RenaissanceRe and Everest Re, while Hiscox Re and Axis posted reductions in top line income.

Catlin start-up (re)insurer seeks to reduce operating costs

Convex will also seek to tackle the cost of expenses plaguing most carriers across the industry by outsourcing non-underwriting functions “horizontally” with a single partner.

Supplements

Investor Guide to ILS: H1 2019

The past two years challenged the catastrophe (re)insurance market more than any period since the Hurricane Katrina era in 2004-2005 – but it is far from clear what the outcome will be this time around.

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.