Bermuda
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Rates softened slightly as buyers returned to the market. -
Watford Re’s IPO will test the market’s appetite for a new generation of total return reinsurers.
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There will be a reduction in the amount of third party capital in the industry this year, O’Donnell told analysts.
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The losses are primarily related to Hurricane Michael, the Camp and Woolsey wildfires in California and the December hailstorm in Australia.
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Over 90 percent of stocks in the I50 posted gains last week.
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The London Stock Exchanged-listed Catco Reinsurance Opportunities pledges to "keep investment management arrangements under review".
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The Emea region proved a drag on rate development.
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Arch updated its Q4 cat estimate to $110mn to $130mn, inclusive of its prior $40mn to $60mn Michael loss.
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The Bermudian run-off business has acquired Public Service Insurance Company and subsidiary Western Select.
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Reduced traditional reinsurance capital was partially offset by continued alternative capital growth.
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Jason Howard takes on the role of Beach CEO as Simon Hedley is promoted to president.
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The insurer has nearly $700mn overall in sidecar support including previous transactions.
