October 2017/3

Two well-known figures in the trade credit insurance market have made a return to EC3 after lining up private equity funding to build a wholesale and specialty broker.

Wildfires that have ravaged California wine country came under partial control over the weekend, and rain forecast for later this week may let firefighters halt the advance of multiple blazes that have destroyed at least 5,350 structures in the region and left dozens of people dead.

As reinsurers continue to put out provisional loss estimates for Q3 cats, there is a growing recognition that 1 January will bring about a hardening in the US property treaty sector that could spread to other lines.

Hyperion is the latest distribution group to seek extra capital through the mounting interest of long-term, low-return capital providers in the sector.

With third quarter earnings disclosures just around the corner, the market is bracing itself for a red Q3 following the losses generated by the recent hurricane season.

Insurance-linked securities (ILS) managers must enter into dialogue with cedants to build confidence following the recent hurricanes, said Paul Schultz, CEO of Aon Securities, speaking at the Trading Risk New York Rendez-Vous last week.

Look-up tables of all the Q3 loss announcements so far by event