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Cat losses for the quarter were worse than expected, driven by Typhoon Jebi, Hurricane Florence and Typhoon Mangkhut. -
Subtle shifts are apparent in reinsurance market share for the counties in the line of Hurricane Michael versus state-wide data.
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The multi-year agreement will see the two companies work together to drive the use of Concirrus' Quest Marine platform.
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The regional carrier has a $35mn retention, which could be partially reduced by additional reinsurance recoveries from supplemental Non-Florida reinsurance program.
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The resort town of Mazatlan is among the areas under threat.
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ERS will have to put up an additional £23mn of capital to support underwriting.
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Some will interpret the planned disposal as a positive sign the continental European legacy market is opening up.
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The insurer's reinsurance cover is expected to be only lightly impacted if claims reach the top end of its $6mn-$18mn gross loss estimate.
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The portfolio for sale holds EUR90mn of Irish public liability and employers' liability exposures.
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Insurance penetration in countries including Bangladesh and Indonesia has improved since the last report in 2012.
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The new windstorm model will provide updated loss forecasts every 12 hours.
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Arndt Gossmann has teamed up with Munich Re on the start-up.
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