State-backed insurer Florida Citizens has borne the brunt of Irma losses, as other leading carriers in the state managed to keep their share of the event’s claims below their market share, Trading Risk analysis shows.
The Corporation of Lloyd’s crackdown on poorly performing syndicates in the wake of 2017’s market-wide £2bn ($2.7bn) pre-tax loss could open avenues for ILS players.
A dearth of underwriters able to price longevity risk in what has turned out to be a robust year for longevity swaps is stalling the UK market, according to Amy Kessler, senior vice president and head of longevity risk transfer at Prudential.
