-
Social inflation trends will make BI disputes particularly acute in the US.
-
Mid-year is the next major possible exit date for ILS investors in illiquid strategies.
-
It will take some time to see how much the flight to cash will impact the broader market.
-
ILS market may experience short-term capital constraints, but could benefit from long-term growth, sources say.
-
Legacy and bank financing offers have yet to take off as competitive concerns hold some deals back.
-
Social inflation is not just a Florida issue – it's also top of mind in the casualty market.
-
New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.
-
Reinsurers pegged 2019 nat cat losses 23 percent lower than the 10-year average, but prior-year disasters created headlines.
-
Intermediaries called the renewal “asymmetric” and “divergent” as rates began to move up after a pressured few years.
-
The main disrupted segments are still aggregate retro and sidecar vehicles, where negotiations over the level of trapped capital have held up the renewal process.
-
Willis Towers Watson has tipped that greater focus will be drawn to ILS domiciles and structures in 2020 amid an “unusual amount of innovation” from existing and emerging jurisdictions.
-
There is a growing confidence that the storm will remain below the $10bn.