Pol risk, credit & surety

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

Allianz-owned credit insurer Euler Hermes has reportedly pulled cover from suppliers to fashion retailer New Look.

Munich Re has raised a second round of capital for the 2018 incarnation of its Eden Re sidecar, according to a Bermuda Stock Exchange filing.

Two reinsurance fund managers have announced losses for 2017, providing an early indicator of the impact of second-half cat losses on the insurance-linked securities (ILS) and sidecar market

Lloyd's insurer Neon confirmed it had established the first UK-based reinsurance sidecar, NCM Re, as it raised $72mn of capital for the vehicle