Reinsurance

Across InsurTech as a whole, 71 companies secured financing in the three months ended June.

Tokio Marine Kiln confirms it is not among the syndicates that faced a lack of collateral to respond to reinsurance claims.

Rainfall from the hurricane set a single-storm record at 3 feet in North Carolina.

Chairman Ken Randall says size is no obstacle to potential Lloyd's run-off deals.

The legacy acquirer is to pay $80.5mn for Global US Holdings.

Flooding, wind damage and business interruption losses are expected to rise as the region begins to recover.

The agreement follows bid interest from Swiss Re.

China Re, ZhongAn and PICC sustain losses after the super-typhoon hammers Hong Kong.

The property insurer places notes with Cohen & Company and subsidiaries and Fermat Capital Management.

The estimate falls at the low end of industry expectations for a sub-$10bn loss.

The Bronek Masojada-led carrier will reduce its capacity by 12.5 percent next year after a 39 percent increase in 2018.

As the dust settles on what at one stage seemed to be the big hurricane of this season, (re)insurers can reflect on what Florence might have brought had it maintained its wind speeds as it made its way towards the Carolinas.