Stocks

HCI is offering one million common stock shares priced at $78 per share.

The sponsor is seeking coverage for named storms, winter storms, wildfire, earthquake and severe thunderstorms in the US.

The ratings agency said premium rate increases for specialty lines would be most pronounced in political risk, terrorism and political violence lines because of heightened geopolitical tensions.

CatX said it is already working with institutional investors, including pension funds.

The forecast reflects property damage and BI losses to residential, commercial, industrial and automobile lines.

The group’s ceded large losses reached 17% of gross losses, up from 11% a year ago.

Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.

Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.

Asagao VI is fourth largest private cat bond deal this year.

Mortgage ILS issuance has totalled $787.2mn so far this year.

The partnership aims to provide ILS strategies to institutional investors in Australia and New Zealand.

These figures mark an improvement from August, which was impacted by losses from Hurricane Idalia.