Re/insurers

Tension is emerging at the reinsurance level over the retrenchment from all-perils coverage, which previously offered ‘sleep-easy protection’. 

A FLOIR arrangement will help Floridians secure homeowners cover during hurricane season.

The broker said clients can move fast in a harder market but need time to review quotes.

The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.

Some firms have fared better than others in the competition to raise funds during the year.

Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.

Conduit Re CEO Trevor Carvey said that a lack of legacy left the carrier well placed for the upcoming renewal.

Early reporters emphasised an ongoing demand for structural change.

Reinsurers and brokers alike have warned of a rocky 1 January renewal process ahead as the industry grapples with multiple issues including inflation, climate change and geopolitical uncertainty.

Florida specialists have continued to cede more premium to reinsurers, topping $7bn in 2021.

Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.