Fidelis

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.

Ratings agencies suggest that carriers must do better on controlling volatility – but diverging risk appetites give the lie to the idea that the industry is walking away from risk.

This publication broke the news in March that the Richard Brindle-led underwriting business was working on the radical company separation.

She was previously an investor relations senior manager at Swiss Re.

Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.

CEO Richard Brindle calls for pricing corrections to reflect climate change and exposure growth.

The Fidelis CEO said stochastic modelling was “pretty much meaningless” and failed to consider the impact of climate change.

Former group portfolio manager Phillip Murfet will become CRO

Sources told Trading Risk that a different kind of investor was interested in ILWs compared with retro cat bonds.

New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.

The insurer has been able to lower its projected premium by 3%.

The ILW deal will offer a spread of 1775-1850 basis points (bps), including a wide range of perils and notably high coupon for the ILS market.