Reinsurance

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.

Retro rates were in some cases falling by mid-year, ahead of the recent losses.

The portfolio has no active client relationships and was underwritten from 1969 onwards.

Hannover Re CEO Jean-Jacques Henchoz told Trading Risk there was a “question mark” about whether demand would carry over into next year.

Just a few months into 2021, the first natural-disaster headlines of the year are already occupying the minds of ILS insurance risk-takers. The snowstorms that brought freezing conditions to Texas will be a challenging event to evaluate for a number of reasons.

Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.

The former Peak Capital CEO has left the ILS platform he set up.

Initially, negotiations are likely to be led by risk takers but there could be a case to model a future role for service providers.