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Management track record has been a factor in capital raising for 2025. -
Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
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A $40bn Milton loss should barely dent many ILS returns but will trap some capital.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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Winning higher-fee private ILS mandates will strengthen firms’ negotiating positions.
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ILS investors’ stress over Gibson Re is unlikely to inhibit legacy ILS’s future.
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Reinsurer-managers are building out asset management infrastructure as they expand.
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Relentless focus on annual outcomes provides a packaging that doesn’t fit the purpose.
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Reinsurers are much better placed to absorb cat losses; insurers are carrying more risk.
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Top layer competition is an added pressure on ILS firms, but the impact can be overstated.
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Various trends may work together to hold the cat markets up for longer than some had feared.
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Pockets of new capital will not shift pricing at mid-year.
