hurricane Harvey 2017

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United passes majority of hurricane loss to ILS & reinsurance

Property and casualty insurance company United Insurance Holdings (UPC Insurance) has passed the majority of its losses from hurricanes Harvey and Irma to its reinsurance capacity providers, with the ILS fund market providing a significant amount of support, as its program is roughly 85% collateralized.At its 2017 reinsurance renewal earlier read the full article →

Retro support helps SCOR to remain profitable so far in 2017

Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses.SCOR's significant retro protection has helped to moderate the impact of recent catastrophes, including read the full article →

Markel CATCo hurricane loss reserve hits 20% of listed retro fund NAV

Reinsurance and retrocessional reinsurance investment manager Markel CATCo Investment Management has implemented loss reserves for hurricanes Harvey, Irma and Maria amounting to 20% of net asset value for its listed retrocession strategy, the CATCo Reinsurance Opportunities Fund Ltd.Markel CATCo had implemented a 6% loss reserve for the impacts of hurricane read the full article →