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Catco 2018 loss worsens by 11% amid Jebi and Michael creep

The deterioration pushed the retro fund’s 2018 loss to 46.7 percent for C shares.

Emmanuel Kenning, June 03, 2019
Palomar adds $200mn to top of reinsurance tower

California-based insurer has expanded its reinsurance coverage during what was a fairly flat renewal for the carrier.

Christopher Munro, May 31, 2019
Universal P&C adds $134mn limit to Florida reinsurance treaty

The company’s reinsurance spend as a proportion of earned premium rose to 33.3 percent – up 2 percentage points.

Emmanuel Kenning, May 31, 2019
AM Best goes negative on Greenlight Re amid total return model scrutiny

The rating agency’s decision issued Friday mirrors a recent shift on the outlook for hedge fund reinsurer Third Point Re.

Christie Smythe, May 31, 2019
Reinsurers squeeze Floridians but wide-scale repricing absent

Huge differentiation in outcomes for buyers as reinsurers reward quality cedants.

Adam McNestrie, May 31, 2019
Hive Aero enters war third-party liability market with $47.5mn capacity

The aviation specialist MGA has paper from Arch and Beazley to write the niche AVN52 class.

John Hewitt Jones, May 31, 2019
MMC wins restraining order against Gardner, Durant and Yoder

The trio are temporarily barred from soliciting their former Guy Carpenter clients and ex-colleagues.

Christie Smythe, May 31, 2019
AIG's National Union Fire calls time on short-lived Florida Specialty QS

National Union Fire’s existing contract with Florida Specialty is due to expire on 1 June.

Laura Sanicola, May 30, 2019
IRB Brasil Re upgraded to A from AM Best

The Brazilian reinsurer’s financial strength rating has been raised to A.

Christopher Munro, May 30, 2019
NFIP wins two-week extension

US lawmakers have pushed back the deadline for the flood insurance programme’s expiration to 14 June.

Christie Smythe, May 30, 2019

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