Ida losses spur ILW rate increases of 5%-10%

17 January 2022

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Rates on line for industry loss warranty (ILW) contracts have increased 5%-10% year-on-year in early January renewals, while there is a growing lack of capacity for aggregate deals.

Sources told Trading Risk that price increases have been spurred by losses in the latter half of 2021, as trapped capital delayed some renewals, and predicted a move towards more named peril contracts.

Michel

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Ida losses spur ILW rate increases of 5%-10%

Rates on line for industry loss warranty (ILW) contracts have increased 5%-10% year-on-year in early January renewals, while there is a growing lack of capacity for aggregate deals.

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Ida losses spur ILW rate increases of 5%-10%

Rates on line for industry loss warranty (ILW) contracts have increased 5%-10% year-on-year in early January renewals, while there is a growing lack of capacity for aggregate deals.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn