Brindle: Hard market will spell end for cat treaty ‘sacred cows’

06 December 2022

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A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication. 

He listed soft market structures such as top and drops or cascading covers, as well as multi-year programs, as examples of transactions that had evaporated, alongside all-perils coverage.  

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Brindle: Hard market will spell end for cat treaty ‘sacred cows’

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication.

Fuel a smarter strategy with our actionable market intelligence

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Brindle: Hard market will spell end for cat treaty ‘sacred cows’

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

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

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication. 