Wildfire

Average ILS fund returns reached 0.36 percent in January, according to the Eurekahedge ILS Advisers Index, after events in the month had little impact on the sector.

Average ILS fund returns reached 0.36 percent in January, according to the Eurekahedge ILS Advisers Index, after events in the month had little impact on the sector.

Markel earned $56.5mn of third-party fee revenues from Markel Catco Investment Management throughout 2016, the company disclosed in its annual report.

The Tennessee Department of Commerce and Insurance (TDCI) said insurance claims from the Sevier County, Tennessee wildfires in November have reached $842mn.

The earthquake that struck New Zealand's South Island was by far the most costly insured natural disaster in November, according to Aon Benfield's monthly catastrophe report

PCS has reduced its estimate of insured losses from the Fort McMurray wildfires to C$3.98bn ($2.96bn), from C$4.67bn in September, affirming the view that claims from the event are likely to be at the lower end of initial forecasts.

Hannover Re's retrocessionaires picked up EUR145.0mn ($158mn) of major losses in the first nine months of 2016, up from EUR133mn of claims ceded in the same period last year

CEA grows; Fema flood buy; Scales launch; Italian earthquake; Wildfire losses ease; Auto flood losses; Legacy deal for CPPIB

ILS funds gained 0.86 percent on average in August, as a rising cat bond market and largely loss-free month boosted returns, according to the Eurekahedge ILS Advisers Index.

ILS fund returns averaged 0.40 percent in July as managers escaped losses from storms and flooding during the month, according to the Eurekahedge ILS Advisers Index

220 buildings have been destroyed and 34,500 households ordered to evacuate as three wildfires ravaged southern California, modelling firm RMS estimated.

Catco returns for the first six months of 2016 were up 8 percent on gains in H1 last year, helped by reserve releases from a UK flood side pocket, the company said.