Retrocession

It's no surprise to see how cautiously the (re)insurance industry is approaching the task of estimating losses from typhoons Faxai and Hagibis.

Historic frequency and severity of losses will create sharp pressure for rate rises at 1 April.

Typhoon Hagibis looks bad, although whether it is bad enough remains to be seen.

The launch follows the carrier’s decision earlier this year to put CatCo into run-off.

This comes as ex-RenRe CUO Eklund and Markel also look to tap investors for retro plays.

The Insurance Insider gives you a run-down of everything you need to know from the reinsurance conference.

The CEO said in three years the third-party capital platform could support risk from across the parent group.

The Insurance Insider takes a look at reinsurance market dynamics after “near-miss” Dorian.

Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.

Despite shrinkage of the overall pool, new capital providers have entered the market in recent months, the ratings agency said.

The latest increase has pulled its cumulative returns since inception down to a loss of 52.9 percent for ordinary shares, as prior-year gains have been more than wiped out by 2017/18 disaster events.

The new recruit joins after a 19-year international career with Axa XL.