Reinsurance

1 January renewals are running late across the board as reinsurers hold out for improved terms, but the retro segment is the most challenged for capacity.

The carrier is looking to raise annual aggregate protection from the new ILS deal.

The mortality cat bond will again include Covid-19 cover, as was the case with the debut issuance last year.

The Berkshire Hathaway-owned carrier is looking to make “major contributions” to the region.

The retro renewals are barely underway, as a challenging fundraising environment and queries over loss experience has delayed the typical pace of progress.

The insurer said its plan was to fully transition the book to the fund.

The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.

The carrier posted a small loss in the first half of 2021, the agency noted.

Surpassing the $30bn threshold will trigger more occurrence covers, as another painful year looms for aggregate writers.

The new generation of vehicles is driven by a lively legacy market and innovations in structuring deals for long-tail risk.

One of the ongoing trends within the ILS market over past years has been an increasing demand from existing investors to look for something different within their portfolio.

The convergence of traditional reinsurance and ILS has seen reinsurers’ fee income rocket over the past three years.