The $15bn-$20bn wildfire losses have caused the ILS-dominated retro market to seize up.
Even the best-laid plans rarely survive the briefest of exposures to harsh reality. Insurance is a case in point.
The European property cat treaty renewal at 1.1 looks set to disappoint.
Casualty reinsurers looking to continue positive pricing movements seen in 2018 renewals.
Other significant reductions in this publication’s running SBF approval tally include Aspen 4711, Markel 3000 and Hiscox 33.
Demand for larger limits is also increasing, with a race among brokers to place $1bn in limit.
New business written this year for launch in 2019/2020 is unlikely to exceed $350mn.
The head of Willis Great Britain also calls on Lloyd’s to ensure the better performing syndicates are allowed the space to expand.
‘Tsunami of data’ on commercial property set to raise underwriting performance.
AM Best warned that without strengthening, reserves for asbestos and environmental exposures are on track to be exhausted in seven years.
With just a month of the year remaining, the consolidated year-to-date performance of P&C (re)insurance industry has trailed the broader market.
Mt Logan will not be the only reinsurer vehicle impacted by Stone Ridge’s retractions, but has emerged as the first such example.
The Californian earthquake bond priced at the upper end of guidance.