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Everest Re ceded $197.4mn third quarter catastrophe losses to its Mount Logan sidecar, the firm's 10Q filing shows.
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Hiscox Re said it was already seeing hardening of rates within property catastrophe reinsurance sector following Q3 losses, as it said loss-affected cat rates could rise 30 percent.
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Al Selius has joined $21bn asset manager BlueMountain Capital as an ILS portfolio manager, sources told Trading Risk.
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Lancashire took a $13.1mn loss during the third quarter from its 10 percent stake in the Kinesis third party fund
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Reinsurance CEOs have highlighted a significant gap between reported loss figures for the third quarter catastrophes and overall industry loss estimates of $80bn-$110bn
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Validus Re CEO Kean Driscoll said the company would put more of its capital to work in the retro market alongside third-party capital in 2018 as it anticipated material rate increases and limited capacity in this sector.
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Everest Re's Mt Logan sidecar posted a $116mn drop in assets under management during the third quarter to reach $833mn on 1 October, compared to $949mn at 1 July.
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Aaron Garcia has joined Hiscox Re's ILS team in the role of ILS portfolio manager in Bermuda
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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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Validus said it would take $378.9mn of losses from third-quarter catastrophes, including $35.8mn from its share of AlphaCat portfolios.
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Hiscox has said it is anticipating Hurricane Harvey claims to reach $150mn based on an industry loss of $25bn, not including National Flood Insurance Program (NFIP) losses.
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Willis Re broker Henry Kingham has resigned and is expected to join ILS manager Aeolus, sources told sister publication The Insurance Insider