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The ILS segment is not ready to gloss over loss-heavy years in renewal discussions. -
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
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The agency said introduction of a new methodology will depend on the feedback it receives from the ILS market.
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Lara Martiner joined Allianz in 2011 as group legal compliance officer and legal counsel.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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MAP’s Christopher Smelt said impact on nationwide programmes will cause risk aversion.
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Both syndicates also reported a deterioration in their combined ratios.
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Industry sources estimate the market to be around $3bn.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
