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Alleghany took a $9.4mn loss in the third quarter from its share in results managed by Bermudian ILS manager Pillar Capital, down from a $5.9mn profit a year earlier
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Swiss Re said it would proceed with a CHF1.0bn ($1bn) share buyback programme after taking $4.0bn of catastrophe claims in the first nine months of 2017
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Nephila Capital has provided $500mn of risk capacity to a new advisory firm, Resilience Economics, that will pitch climate risk transfer solutions to prominent institutions and governments
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Florida carrier United Insurance Holdings (UPC Insurance) has amended regulatory filings to lift the amount of capital it could raise through ad-hoc equity or debt issuances to $250mn
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RenaissanceRe raised $248.6mn of fresh equity for its DaVinci Re sidecar as of 1 October, after investors in the vehicle took a $255.5mn loss in the third quarter
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BlackRock has added catastrophe bonds to the list of investment targets for a new opportunistic fixed income fund it is launch
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Validus recorded a $74.1mn loss attributable to AlphaCat investors in the third quarter, as the (re)insurer's asset management platform reserved for $574mn of net losses for the period
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Credit Suisse and Bermudian run-off specialist Armour Group have raised more than $270mn for a second series of their joint venture legacy ILS fund, regulatory filings show
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Australia's Future Fund increased the target size of its alternative risk premia strategy, which includes reinsurance investments, to 15 percent of its total alternative asset allocation in the 2016-2017 financial year.
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Reinsurers will become less appealing to investors if the sector does not earn back some of its 2017 losses through higher rates, according to Munich Re CEO Joachim Wenning.
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Swiss Re's cat bonds, which total $335mn, are likely to contribute to the group's third quarter losses, according to Jeffries Equity Analysts.
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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.
