Reinsurance

Nearly 100 more hurricane-related fraud investigations remain under way.

The new ILS manager is using a fund-of-funds approach to target institutional investors.

Over the past two years, the quality of the accompanying information for capital extraction requests has been inadequate.

Thunderstorms and hail were the main causes of the damage, the modelling agency said.

Newly acquired NSM unit expands UK operations with Fresh acquisition.

Until New York or California creates a run-off law, legacy transactions commonly done like they are in the UK will never happen.

The ratings agency still retains a negative outlook on the sector, however.

Lobbying by the ABI, Biba and MIB bears fruit as the UK government opts to remain in the motor "free circulation zone".

The state’s newly signed insurance business transfer law goes into effect in November.

The Texan insurer of last resort is also looking to buy an extra $100mn of reinsurance limit at 1 June.

This publication's legacy survey found just 29 percent of the market were hopeful the Rhode Island legislation would serve as an effective transfer mechanism in the coming year.

The retro writer said its 2017 portfolio loss would rise to 41 percent of net asset value.