-
The carrier is looking at a $600-$900mn hit from Debby, Helene, Milton.
-
The deal would represent a diversifying auto risk deal.
-
Redington provides services to UK pension funds, wealth managers and institutional investors.
-
Pricing is expected to “stay neutral of soften” for January renewals.
-
The policies assumed represent $200mn of in-force premium.
-
The sovereign wealth fund’s ILS investments grew to $828mn.
-
Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
-
Cat bonds, private ILS and retro were all kept at “strongly overweight”.
-
The ILS allocation increased in dollar terms and held steady in euros.
-
Managers expect Hurricane Milton losses to shore up pricing.
-
Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
-
Florida domestics, aggregate retro and flood deals were all marked down.