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Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist. -
Spreads weighted by volume have increased by 71 basis points year on year.
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The $500mn of new demand from Allstate highlights carrier need for cover after Ida, but pulling together cat capacity in the peak US market remains a tougher ask.
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Exposure management is prevalent and underwriting profitability is patchy.
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Wind XoL rate increases are tapering off, while cedants push for commission increases on quake quota-shares.
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Combined with a challenging fundraising landscape that is likely to have led to investors cutting more deals, 2022 will be a year of fiscal pressure.
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The rating agency’s model update will increase focus on one-in-500-year PMLs
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Scor’s renewals update denotes a continued push to control volatility while Hannover Re is focused on growth.
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Resilience bonds attempted to link up financial goals that proved to be too mismatched.
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The impact of Hurricane Ida and other 2021 losses, compounding issues with the industry’s five-year track record, has shown up in the slide in assets under management.
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There is a lack of capacity for aggregate deals, and moves towards more named peril coverage.
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Retro renewals have made major progress in early January, but programme gaps remain at some levels, with reinsurers left carrying more risk net.
