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Demand for retrocession is expected to be up slightly at the mid-year renewals, but with relatively little business concluded so far there is no clear outlook on how rates will hold up. -
Based in Bermuda, Matt Flynn will focus on retrocessional property catastrophe business at RenaissanceRe.
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Ever heard the underwriting joke about how to spot the actuary driving a car?
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The retro manager's Irma loss deterioration is on a higher scale than that reported by peers.
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As the 2017 catastrophe claims evolve, an “awful lot” of trapped retro capital could become lost capital, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at the Trading Risk London ILS conference.
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The reinsurer transferred EUR16.4mn of storm losses to retro partners in the first quarter.
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Early signs indicate third-party capital is being deployed aggressively in the Florida market.
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An "awful lot" of trapped ILS capital may turn out to be lost capital as 2017 claims evolve, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at Trading Risk's London ILS event last week.
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Guy Carpenter told Trading Risk that rate increases on retro business ranged from 5 to 25 percent on a risk-adjusted basis, with pricing dependent on loss experience.
