Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
As deadline day for SBF feedback looms, Lloyd’s appears to have stuck to its hard-line rhetoric on profitability.
In Lloyd’s performance drive, it may not be as simple as just dropping business because it’s unprofitable.
The 1.3x book valuation allows Munich Re a graceful exit and the chance to focus on its other syndicate.
Jebi is said to have hit third layers of some occurrence covers while Trami has eaten through back-up protections.
The additional $700mn in equity committed by Apollo is a huge vote of confidence in Catalina and the legacy market.
Michael losses are likely to fall on the reinsurance market due to the low attachment points of the Floridian homeowners’ insurers.
State Farm writes more than a quarter of homeowners’ cover in the state.
Analysts expect Q3 cat losses to be manageable for their covered (re)insurance companies.
Reinsurers must be prepared for how much work is required to be an asset manager, said the Hiscox Re & ILS COO.
The over-estimation of losses by modellers led the ILS market to raise capital amid anticipation of higher rates.