The significant pricing difference between the reinsurance and retrocession markets does not make a lot of sense, TigerRisk president Rob Bredahl said.
Global cyber (re)insurance is expected to grow 25-30 percent a year, chairman of Munich Re’s reinsurance committee Torsten Jeworrek said in Monte Carlo.
The Florida Hurricane Catastrophe Fund (FHCF) is marketing its $1bn reinsurance programme but has indicated it is looking for flat risk-adjusted rates, according to sources.
Some primary insurers are scaling back or withdrawing from offering Californian wildfire cover after two years of record losses, sister publication The Insurance Insider reported.