Hurricane

The topsy-turvy nature of the past few years for the ILS market is apparent when you look at our half-yearly surveys of assets under management.

Some reductions in demand might follow as policies change hands, but this will not be a key influence on renewal dynamics.

Opportunities are likely to open up for blue-collar schemes as reinsurers participating in swaps seek to diversify, according to Willis Towers Watson.

The (re)insurer faced increased losses from Hurricane Irma alongside Typhoon Hagibis and wildfire claims.

Bermuda carrier tactics highlight increased reliance.

Reinsurers pegged 2019 nat cat losses 23 percent lower than the 10-year average, but prior-year disasters created headlines.

Cat bond fund returns rebounded in 2019, with widely divergent experience among ILS funds investing in private instruments.

The premium relates to a homeowners' book of business.

The reinsurer pegged 2019 cat losses at $52bn, in line with long-term averages but 40 percent lower than 2018.

Insurers ceded 52 percent of gross losses in 2018, an increase of 2.4 percent on the 2017 total.

The loss tally includes a $7bn loss estimate for Typhoon Faxai and $8bn for Typhoon Hagibis.

This year has arguably been the peak stress point for the ILS industry in the 2017-2019 post-Hurricane Irma years, despite the fact it has been the lightest of the three years for catastrophe losses.