Capacity constraints push up ILW rates as reinsurance gaps boost buying interest
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Capacity constraints push up ILW rates as reinsurance gaps boost buying interest

Martha Muir
13 June 2022
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graph money.jpg

Rates are accelerating in the ILW market, where the end of the 1 June renewal season has driven up demand as both Florida insurers and retro buyers attempt to fill gaps in their placements.

Rates have risen significantly since the January renewal, with sources estimating hikes at around 20% to 35% since 1 January, and 40% to 50% year-on-year, as climbing spreads in the cat bond market draws cedants towards the ILW market.

But...

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Topics

NewsAnalysisRe/insurersILWsRetrocessionRatesFlorida
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Martha Muir
Reporter
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