-
There is a tension between securing payback and negotiating higher retentions. -
Pricing rose to 950 bps, the higher end of guidance.
-
The new law, set to be implemented on 1 July, seeks to lower insurance premiums for cyclone-affected areas of Australia.
-
Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
-
The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.
-
Executive pay at RenaissanceRe fell for the second year in a row in 2021 after a “disappointing” return for shareholders in a year of elevated natural catastrophes.
-
TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.
-
The pricing on Inigo Insurance’s Montoya Re catastrophe bond has settled at 675 basis points (bps), or the top end of guidance, Trading Risk understands.
-
Mitsui Sumitomo Insurance Co and Aioi Nissay Dowa Insurance Co have downsized the Tomoni Re catastrophe bond to $190mn-$245mn over two notes, compared with the initial offering of $240mn over four notes of $60mn each, Trading Risk understands.
-
The corporation’s major losses tallied £3bn, half the level of 2020, with Hurricane Ida driving half these claims.
-
The limit has increased by 5.5% on cover of $1,930mn placed last year.
-
Tuttle has more than 35 years’ experience in P&C broking and cat modelling.
