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The carrier of last resort is proposing total risk transfer of $5.5bn. -
The firm said it was poised to build on ‘significant growth’ in 2023.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
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Chris Parry said the denominator effect remains a suppressant on ILS inflows after a strong phase of returns.
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The firm is focusing on developing specialty offerings.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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Risk partnerships will now report direct to the board through the CFO.
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Pockets of new capital will not shift pricing at mid-year.
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The state carrier is moving to redeem its 2022 Everglades issuance a year early.
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The carrier is seeking named storm coverage in the state of Texas.
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Sources are expecting multi-billion new limit to be placed.
