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Colorado wildfires reach record acreage but minimal property damage

The East Troublesome and Cameron Peak fires are two of the largest blazes in the state, with fears they could merge.

HCI puts Q3 Sally loss at $17.7mn

The loss falls just above its $16mn retention.

PartnerRe makes Hughes CEO of third-party capital

The new chief joins from Hiscox ILS with a mandate to expand the reinsurer’s third-party capital platform.

Fidelis secures $275mn from second Herbie Re cat bond

The final limit raised was nearly 60% above the company’s initial target, as pricing dropped to the lower end of forecasts.

• Genworth raises $350mn in second mortgage ILS deal
• Ex-Catco leader Fredricks working on pillared ILS relaunch
• Everest estimates Q3 cat claims at $300mn
• Shreeve among two Nephila departures
• Swiss Re and Palomar E&S to provide capacity for Cover Genius parametric quake product
• Hannover Re: Rising retro costs challenge 96% CoR goal

Opinion

Limiting downside should also be the focus for 2021

Takeaways from ILS Week: Continued evolution ahead

A test case equivalent is needed for Covid retro disputes

Prolonging trapping debate could have knock-on impacts

Analysis

Cat bond segment positioned for growth; but uptick not a structural shift

Greater investor demand is being supported by a focus on liquidity and defined perils – but sources caution against over-hyping the shift.

ILS step-back among drivers of firming confidence on 2021 rate hikes

Buyers are out early ahead of a challenging renewal, with retro rate hikes set to outpace reinsurance increases.

Covid BI treaty negotiations may smooth ground for retro cases

If reinsurers prevail in limiting insurers from aggregating BI claims, this will shield retro markets.

Retro uncertainty: Buyers face difficult trapping and terms decisions

Retro structural change will provide a lot of the gains in 2021, with trapping negotiations complicating the mix.

Supplements

Investor Guide to ILS: H2 2020

Covid-19 and ILS strategies: locking down diversification benefits.

Investor Guide to ILS: H1 2020

Climate change and ILS strategies: reshaping the market's response