-
Brokers expect strong competition at remote risk layers at the 1 January renewal.
-
Cat bond funds continue to draw interest as private ILS more challenged.
-
The Bermuda regulator is consulting on a refresh of its rules that will be in force as of 1 January 2025.
-
Building better exposure datasets could draw a broader range of investors.
-
The James River-Long Tail Re deal is the latest example of deal-specific investor capital.
-
The peril can no longer be considered secondary, according to Gallagher Re.
-
Sidecar vehicles are being tailored to match investors’ objectives.
-
Several bonds suffered declines in value from February to July.
-
The ILS manager leaderboard demonstrates the ongoing popularity of cat bonds.
-
The event could unpack issues around accumulation risk and cloud services.
-
The deal economics take into account the investment return that Longtail Re can leverage.
-
This is lower compared to 8.2% recorded by the index in H1 2023.
-
The latest Kilimanjaro Re, 3264 Re and Gateway Re deals all priced.
-
Cat bond spreads stabilised as maturities brought capital to deploy into the market, after an earlier spike.
-
Cat bond deals placed last week amounted to $150mn of issuance.
-
ILS capital so far is viewed by sponsors as strategic rather than essential.
-
A degree of pricing volatility was evident in the market this week.
-
The firm is the sole provider to offer index services in the US.
-
The shift in market dynamics reflects $1.8bn of maturities last week.
-
Sub-1% management fee and performance fee-only structures have evolved in ILS.
-
Market sources are speculating on the reasons behind the spread widening on index-based deals.
-
The regulation now allows pension funds a more flexible benchmark for measuring alternatives.
-
Forecasters have warned that a number of meteorological factors could make this year the most active on record.
-
Torrey Pines, Atlas Capital and Marlon priced and sized up.
-
Florida Citizens' Everglades Re bond priced up by 6% across three tranches.
-
Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
-
Longleaf Pine Re priced, while spreads on Everglades Re deal moved higher.
-
Spreads could continue widening throughout the rest of the year.
-
Cession ratios declined at three of the four publicly listed Floridians.
-
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
-
The Mexican government’s IBRD quake bond priced 4% ahead of guidance.
-
The flat growth is a result of multiple forces influencing capital flows in both directions.
-
Increased ILW purchasing reflects cash-rich funds looking to protect return levels.
-
Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
-
Retained earnings resulting from reduced loss activity also helped to boost ILS capital.
-
Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
-
The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
-
Drop-in capital has now largely left the cat bond market.
-
Some $415mn of capacity entered the market last year.
-
Exposure updates played a greater role than expected.
-
The outlook for M&A activity is brighter after 2023 returns.
-
The carrier is designing an investable portfolio of long-tail risk.
-
Sponsors still secured terms that were favourable relative to traditional cover.
-
Aside from the one-year view, 2023 remixes the track record.
-
The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
-
Of the 18 top-tier ILS managers, 10 recorded growth, while eight were flat or down.
-
Typical ILW attachment points for US peak perils have fallen from $60bn to $40bn-$50bn as the market awaits the final Hurricane Ian number from PCS.
-
The sidecars segment has been attracting inflows after returns hit a high note in 2023.
Most Recent
-
KCC pegs Hurricane Francine losses at $1.5bn
16 September 2024 -
Axa XL names Caponigro head of re capital management
16 September 2024 -
Hurricane Debby costliest weather event in Quebec history: CatIQ
16 September 2024 -
Francine losses to be ‘manageable’, borne by primary carriers: AM Best
16 September 2024