Casualty/GL

The Everest Re sidecar’s Q2 claims burden was up by more than 400 percent year on year.

Reinsurance chief underwriting officer Emil Issavi has been named as the new CEO of the unit.

A court of appeal in Florida has said assignment of benefit rights can be split between multiple parties.

Alberto, the first named storm of 2018, made landfall near Panama City, Florida on Sunday.

Travelers has returned to the ILS market to renew cover.

Axis Re has announced that it has hired Megan Thomas as its chief underwriting officer (CUO).

AIR Worldwide and RenaissanceRe said they are collaborating to develop a probabilistic model for extreme liability events.

Hiscox Re and ILS reported a profit of £25.5mn ($35.8mn) in 2017, a drop of 83.6 percent on a year earlier, the company said on Monday.

MultiStrat has announced that it has completed a $28mn casualty linked securities (CLS) deal covering high-frequency and low-severity casualty business for a $14bn alternative asset manager.

XL Group shares jumped 12.5 percent yesterday after a Bloomberg report said the Bermuda-based (re)insurer was drawing takeover interest from Allianz and possibly others.

Los Angeles-based modelling company Praedicat has announced it has raised $6mn to develop latency catastrophe models for emerging casualty risk..

Renaissance Re has made a minority investment in run-off specialist Catalina, it confirmed in a press release yesterday.