Stocks
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There is a tension between securing payback and negotiating higher retentions. -
Wind excess-of-loss treaties renew with gains between 2% and 5% in “underwhelming” renewal.
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The issuance takes total cat bond lite issuance to $155.3mn
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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.
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Markel CatCo’s buyout transaction closed 28 March, as the firm prepares to pay out $106mn of remaining value to shareholders in its public fund.
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The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.
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The deal values the TransRe owner at 1.26 times book value as of 31 December 2021, and represents a 29% premium on its stock price.
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Even though underlying ILS market conditions are improving, getting a hearing from investors could become harder.
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The investment firm said that pivoting to a pure-play insurance data business would unlock up to $20bn of value.
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The home and auto carrier has received around 5,000 claims so far.
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The earthquake was 250 times less strong than the 2011 Tohoku disaster.
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The industry has moved on from an initial focus on the nat-cat element of ESG.
