-
MAP’s Christopher Smelt said impact on nationwide programmes will cause risk aversion. -
Both syndicates also reported a deterioration in their combined ratios.
-
Industry sources estimate the market to be around $3bn.
-
Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
This will be the third cat bond issuance through Baltic Re PCC.
-
The cat bond manager warned of excess downside risk owing to an accumulation of losses.
-
Flood Re’s bond Vision 2039 bucked the trend by pricing up 7% as its secured £140mn ($174mn) of limit.
-
The insurance industry has experienced mounting losses from severe convective storms.
-
Indirect exposure to cat risk through long-term investors gives Markel optionality.
-
Premiums ceded to the ILS vehicle increased by 76% to $433mn.
-
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
