-
The London-based insurer renewed its programme which includes 9 percent collateralised reinsurance at the start of 2018. -
Third Point Re ended 2018 with a quarterly net loss of $298mn after suffering a net investment loss of $276.8mn.
-
In a note to investors Matt Carletti ranked catastrophe aggregate programmes as being set to see the largest price rises.
-
Catastrophes and large claims dragged Bermuda-based Hiscox Re and ILS to a $23.2mn loss for 2018.
-
The total is 10 percent more than the $400mn figure Brit disclosed for 2018.
-
The insurer declined to comment on how much limit of the EUR1.75bn cover was placed.
-
The reinsurer’s P&C unit fell to an underwriting loss for 2018 after $2bn of catastrophe losses.
-
This was up from the $623mn figure reported in its Q2 2018 results.
-
The firm said its maximum no-loss return was 30 percent, up from 23 percent in 2018.
-
Florida Specialty, which has ceded 100 percent of its risk to Sirus America Insurance Company, was among those affirmed.
-
The business is achieving a 10 percent uplift in pricing.
-
The insurer passed on $17.7mn of major losses to third party investors in 2018.
