Casualty/GL

A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll

Nephila has provided seed capital for Volante Global, the super managing general agency (MGA) set up by ex-Dual CEO Talbir Bains, which will start writing next year, sister publication The Insurance Insider reported.

Guy Carpenter chairman and reinsurance industry heavyweight Britt Newhouse is set to retire at the end of the year, sister publication The Insurance Insider revealed.

Markel will be seeking to recruit a new a chief reinsurance officer to oversee its ceded reinsurance after managing director of reinsurance Robert Blazer leaves the specialty carrier, sister publication The Insurance Insider reported.

Axis Capital has named Steve Arora as the new CEO of Axis Re, replacing Jay Nichols who resigned earlier this year.

JLT Re North America CEO Ed Hochberg has said the scale of insured losses from Hurricane Maria could result in ILS investors changing their view of risk and return.

Swiss Re said that its P&C treaty premium volume up for renewal in the mid-year season dropped by 10 percent, as it reported a weaker half-year underwriting result in its P&C reinsurance and specialty insurance corporate solutions unit.

Simon Burton, the new CEO of Greenlight Re, said the reinsurer is now looking to enter the subscription market, having focused traditionally on a small number of closed client relationships

Guy Carpenter has appointed Tom Hettinger to lead its capital, structured risk, growth and rating agency operations in the US and Canada.

Hudson Structured Capital Management and Twelve Capital were the lead investors in a $45.5mn debt issuance from legacy carrier Catalina General Insurance.

Hudson Structured Capital Management acted as a lead investor on a $45.5mn private debt arrangement for Catalina General Insurance, the investment manager announced.

Markel reported $9.4mn of fee income from third-party investors in Markel Catco funds during the first quarter, up from $7.2mn in the same period a year earlier, reflecting growth in underlying assets.