Insurers are looking to keep overall risk-adjusted rate increases to around 15-20 percent, lower than reinsurer expectations but still reversing several years of declining yields.
UPC Insurance halved the amount of reinsurance limit it will seek from the open market to $808mn, after opting for more state fund and quota share cover.
A digital approach to defining investor appetite and return expectations is one way Lloyd’s could benefit the ILS market in the future, John Neal said at the market’s prospectus launch today.
