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.
The insurer is understood to be exploring the possibility of claiming the Camp Fire as two separate events as it looks to maximise reinsurance recoveries.
Ultra-high-net-worth investors have seeded the launch of Cayman Islands start-up reinsurer Topsail Re, sister publication The Insurance Insider reported.