ILS

RenaissanceRe's third-party capital platforms have engaged in substantial fundraising following hurricanes Harvey, Irma and Maria, the carrier revealed in its Q4 results.

Bermuda-based Blue Capital Reinsurance Holdings reported a net loss of $43.2mn for 2017, following catastrophes in the third and fourth quarters.

Aon Benfield expects 2018 cat bond issuance of $8bn-$9bn, down slightly from a record-breaking $10.7bn issuance last year.

The Chinese insurance regulator has set a 1 April deadline for the implementation of new regulations over the use of insurance funds.

Neil Strong, head of origination at Securis, has left the company following a significant management restructure.

The parent of insurance-linked securities (ILS) manager Nephila Capital is expanding its businesses in the weather and environmental space with the creation of a specialty division called Nephila Climate (NCx).

Insurance-linked securities (ILS) capital outside the life sector increased by 17 percent last year, according to Willis Towers Watson (WTW) Securities' first-quarter issuance report.

Sompo International has become the latest of a parade of reinsurers to establish sidecars in the past month, as it announced a $62mn back-up vehicle for its global catastrophe reinsurance portfolio.

Lloyd's is in the early stages of exploring using insurance-linked securities (ILS) protection to provide cover for its Central Fund, sister publication Trading Risk has reported

Insurance-linked securities managers have reduced their estimates of losses taken from the August and September hurricanes, according to the Eurekahedge ILS Advisers Index.

A group of sidecars tracked by sister title Trading Risk lost 10.5 percent of investors' capital on average after Harvey, Irma and Maria, according to regulatory filings from the Stone Ridge and Pioneer Interval funds.

Continued excess capacity and the overall resilience of the market meant most 1 January accounts renewed flat on a risk-adjusted basis, according to Guy Carpenter.