USAA’s high-risk ResRe cat bond reaches $200mn The bond will provide the insurer with US multi-peril protection on an indemnity per occurrence basis.
California fire damage rises The Camp Fire and Woolsey Fire have now destroyed 10,000 and 504 buildings respectively.
Oxbridge Re sidecar faces Michael loss Oxbridge Re licensed its Oxbridge Re NS sidecar in the Cayman Islands in June.
Firefighters struggle to contain California wildfires The Camp Fire in Northern California has destroyed nearly 9,000 structures and still threatens 15,500 more.
AM Best: Record losses expected from wildfires The acreage burned so far this year is already almost double the amount last year, the ratings agency said.
