Reinsurance

A significant increase in demand is being met by constrained supply at current pricing levels.

The Akibare Re bond will pay out to Mitsui Sumitomo, sister publication Trading Risk revealed.

Majority of Florida firm order terms hit the market, but many participants think capacity shortfalls are likely at current price levels.

Sister publication Inside P&C examines the first-quarter results from the US.

Arch Capital backed hedge fund carrier’s outlook graded “stable”.

The dispute relates to a portion of Protector’s claim for the fire that centres on an additional facultative cover.

The reinsurance broking start-up is set to close after just eight months.

After the KRW storms of 2005, I remember interviewing a top reinsurance broker and making the casual remark that the major spike in property cat pricing must be making his bosses very happy. I envisioned bulging brokerage accounts and big bonuses all round at year end.

The number of events rose to an eight-year high for the month, the broker says.

The total return reinsurer wrote $42mn of property catastrophe premium in Q1 and expects to add another $10mn by the end of June.

Global specialty insurer StarStone reported $51mn of adverse development

The carrier was the only Floridian to report loss creep from Hurricane Irma in the quarter.