Swiss Re

The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).

RenaissanceRe kept its stake in the $1bn reinsurance programme stable at $262.5mn while Swiss Re increased its line by $10mn this year to $185mn.

Insured losses from natural catastrophes fell 28 percent year on year in H1 2018 to $18bn, according to Swiss Re’s Sigma report.

The ratings agency says insurers may need to pursue loss-reduction strategies, with 2018 possibly on track to produce more claims than 2017.

A solid underwriting performance boosted the result amid a benign large loss environment.

The reinsurer said it believed the flood partnership could be replicated throughout the US.

Jay Green moves back to Guy Carpenter’s capital markets division as it expands the ILS team.

The average second quarter returns for a group of ILS funds tracked by Trading Risk has increased to 1.36 percent, compared with 0.79 percent for the same quarter last year.

Non-life insurance premiums rose 2.8 percent in 2017 as expansion in emerging markets slowed.

July’s renewals may outperform 1/6 which focused on Florida-attracted alternative capital.

Swiss Re said it had ended talks with the Japanese technology investor Softbank about a possible minority stake deal.

The vice president in insurance investment banking is leaving after four years at the firm.