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Swiss Re grows catastrophe book in January

The reinsurer’s P&C unit fell to an underwriting loss for 2018 after $2bn of catastrophe losses.

Zuk joins Orchid Underwriters with ILS remit

Zuk brings over 15 years of experience to the MD role.

$200mn Akibare cat bond threatened by rising Jebi losses

The loss puts Mitsui Sumitomo’s $200mn Akibare Re 2016-1 cat bond around 94 percent of the way to attaching.

Q4 loss tips Pillar’s Alleghany contribution to negative for 2018

It took a steeper 2018 loss from the ILS platform than in 2017.

• UPC lifts Irma gross loss to $900mn
• Cohen & Company looking to raise up to $150mn for acquisition vehicle
• Axa XL boosted cat hedges in January renewals after Q4 hit
• Scor’s P&C unit takes Q4 underwriting hit
• TransRe returns to cat bond market with $200mn Bowline Re
• UK wholesale brokers cleared by regulator

Opinion

Property insurers are using ILS to make themselves more relevant

Is sharing a slice of cat risk with investors enough to demonstrate alignment of interest?

The ability to deliver on promises of liquidity is going to keep getting more important rather than less

How the Markel Catco saga drags out now is anyone’s guess

Analysis

Axis and RenRe continue expanding third-party support

Both Axis and RenaissanceRe significantly lifted fee income from third-party partners in 2018 as increased volumes and reinstatement income drove more business to be transferred to ILS partners.

MSI extends majority ownership of Leadenhall amid transfer

Mitsui Sumitomo Insurance (MSI) now owns 80 percent of Leadenhall Capital Partners after taking over the holding from its international subsidiary MS Amlin.

Jebi and wildfires lead surprise losses of 2018

A diverse loss year produced steeper wildfire and typhoon losses than initially estimated.

Florida renewals: Irma rebound set to create tension

Hopes for significant rate increases are building.

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.