Reinsurance

High-single-digit to low-double-digit advance driven by big increases on wind and flat quake renewals.

Flooding continues to hit Midwest states hard.

Flandro said this new world will see ILS continuing to expand into new perils.

Florida: Pay as you go cat reserves

The state-backed insurer is looking to refine its reinsurance programme but overall demand remains subdued after it has depopulated its portfolio.

Second estimate within a single percentage point of first evaluation

The National Flood Insurance Program has a total of $1.7bn of exposure in the state.

That figure represents claims reported through 15 March.

Troubled non-standard auto writer again reported heavy losses in Q4 and says auditors need more time.

The five listed Florida-based P&C insurers were pushed into the red by adverse reserve development and Hurricane Michael.

LGT led the way with its rated start-up Lumen Re.

With two consecutive years of heavy catastrophe losses, it’s clear why Swiss Re won’t throw caution to the wind – even though the days when it went cap in hand to Warren Buffett are long gone.