Pol risk, credit & surety

Lloyd's is in the early stages of exploring using insurance-linked securities (ILS) protection to provide cover for its Central Fund, sister publication Trading Risk has reported

Insurance-linked securities managers have reduced their estimates of losses taken from the August and September hurricanes, according to the Eurekahedge ILS Advisers Index.

A group of sidecars tracked by sister title Trading Risk lost 10.5 percent of investors' capital on average after Harvey, Irma and Maria, according to regulatory filings from the Stone Ridge and Pioneer Interval funds.

The implosion of Carillion is likely to add further losses to UK trade credit underwriters already reeling from the collapse of wholesaler Palmer & Harvey and airline Monarch.

Validus Re CEO Kean Driscoll has told counterparties that the reinsurance platform will have room to significantly expand under AIG ownership

The Catco Reinsurance Opportunities Fund missed its expected result for 2017 after posting a 27.6 percent loss for the year following claims deterioration from the October wildfires in California.

Canopius has added $50mn to its political risk and contract frustration capacity, as it aims to establish itself as a lead market in the class, The Insurance Insider understands.

Argo Group has renewed its Harambee Re sidecar for 2018 but did not reveal its size

Trade credit insurers, including market leader Euler Hermes, have ceased writing new coverage for suppliers to Carillion, The Insurance Insider understands.

Alternative capital dropped $7bn at the end of September following the HIM losses, Aon Benfield has said in its latest Reinsurance Market Outlook.

Cat bond issuance reached a record $11.1bn last year as sponsors took advantage of low rates and an overhang of supply from 2016 to buy cover

United Insurance Holdings (UPC Insurance) placed pared-back aggregate cover with a single reinsurer as it renewed its quota share at 1.1