-
Exposure growth in Japan was in the low-single digits, reflecting a more modest inflationary environment. -
The firm noted that investor pushback at the January renewal had resulted in "the cleanest risk" being transferred to the capital markets.
-
The company said the result was "encouraging given the challenges of ILS capital raising".
-
The firm will focus on high-frequency, low-severity risks including personal and commercial auto, general liability, workers' compensation and professional lines.
-
The carrier said ~$170mn of the total expected losses came from the three March storms that affected several US states earlier this year.
-
On March 31, the National Weather Service counted 618 storm reports and 104 tornado reports, both records for the year to date.
-
The new offering is structured to solve ongoing ILS market problems including trapped capital, extended settlement times, economic inflation, social inflation, non-modelled risks and pricing uncertainty.
-
The underwriter will work on developing the Bermuda platform and strengthening the global property proposition.
-
Cat bond pricing has fallen by about 12% since year-end but margins are still strong enough that the market could be set for meaningful growth, the broker forecast.
-
The role will involve managing alternative capital strategies for the specialist lines insurer.
-
The £50mn syndicate made most of its profits in aviation.
-
The real test for cat capacity will come at the mid-year point, according to Gallagher Re.
