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Cat bond spreads fell in response to sparse new issuance in the second quarter, but some market participants tipped that this could create a brighter outlook towards year-end.
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Forecasters agreed the Atlantic is set to experience near-normal storm activity in the coming months, but are still undecided on whether El Niño or La Niña conditions will be the season's key driver.
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Florida Citizens Property Insurance is still planning a major restructure of its reinsurance arrangements in 2017, after notably shrinking its programme this year.
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Catastrophe modellers are increasingly taking into account human-induced earthquakes, after recent research from the US Geological Survey showed that the Dallas-Fort Worth metroplex and Oklahoma City now face the same threat from temblors as California.
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AlphaCat and Endurance stood out for increasing their gross catastrophe premiums year-on-year in the first quarter as most of the cat specialists tracked by Trading Risk reduced their premium base.
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Collateralised reinsurers and ILS investors received $654mn in ceded premiums from the top 10 Florida carriers in 2015, a rise of 12 percent from $586mn the previous year, according to data collected by Trading Risk. -
ILS investors responded to new cat bonds at both ends of the risk-return spectrum with strong demand in a diverse and record-setting first quarter.
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Collateral lock-ups could drag down ILS investor returns by 15-20 percent of long-term expected profits for deals with a moderate chance of loss, according to research by Milliman.
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More than a decade on from the devastating 2004-05 hurricane season, scientists are beginning to debate whether to call an end to a cycle of more active Atlantic cyclone activity
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At the 1 April reinsurance renewal season the market softened for the fourth consecutive year, but reductions have slowed from those achieved a year ago
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The first quarter saw an unusually high volume of Japanese typhoon bonds, as both Mitsui Sumitomo and Sompo Japan Nipponkoa returned to the ILS market
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The London market initiative to attract more ILS business to the city is not designed as an attempt to challenge Bermuda's success in the sector, according to International Underwriting Association chairman Malcolm Newman.
