PartnerRe took a $28mn operating loss for the fourth quarter as the impact of Q4 catastrophes was partially offset by a $23mn reduction in estimated losses from Hurricanes Harvey, Irma and Maria.
The Bermuda Monetary Authority (BMA) has been criticised for demanding new disclosures from local alternative reinsurance operators without sufficient consultation with involved parties.
The number of assignment-of-benefits (AOB) lawsuits in Florida rose for a third straight year reaching 129,781 in 2017, according to the Florida Justice Reform Institute.
