Axis CEO Albert Benchimol said the company had significantly grown the amount of business it cedes to third-party capital in 2018 as it said it had more than $1.05bn of alternative capital support for property catastrophe business.
Markel Catco's "eye-catching" hike to its wildfire loss reserves in its December monthly report implies that the Californian disasters triggered the firm's "floating back-up" pillars, according to a Numis analyst's note.
One of the major post-HIM talking points in reinsurance circles was the question of whether there was a gap in loss estimates recognised by individual carriers and the overall anticipated industry burden.
The strategy of Langhorne Re, the closed-ended life fund set up last month by RenaissanceRe and life reinsurer Reinsurance Group of America (RGA), will be based largely around a leveraged asset play, according to sources.
