-
Pricing is expected to “stay neutral of soften” for January renewals.
-
The company said $13bn-$22bn will come from wind damage.
-
Florida domestics, aggregate retro and flood deals were all marked down.
-
The estimate includes private cover for residential, commercial and industrial property.
-
The manager’s ILS allocation now spans six of its seven investment funds.
-
Hurricane Milton will show the ILS product behaving as investors expect it to.
-
This is a far narrower drop than post Ian, when the index was lost 10%.
-
A $40bn Milton loss should barely dent many ILS returns but will trap some capital.
-
Collateralised reinsurance and retro are in the firing line.