The National Oceanic and Atmospheric Administration (NOAA) predicted a near-normal 2016 Atlantic hurricane season on Friday (27 May), but warned that uncertain climate signals made predicting this season particularly difficult.
Validus chairman and CEO Ed Noonan said subsidiary AlphaCat's decision to return $146.5mn of capital to sidecar investors during the first quarter simply reflected the manager shifting capital into a different format.
TigerRisk's capital markets division has received regulatory approval to open a secondary trading desk covering a range of insurance-linked securities (ILS) products.
A major magnitude 7.8 earthquake that struck Ecuador's central coast on Saturday (17 April), killing 413 people so far, is likely to result in more economic damage than originally thought
