-
Overall growth in the quarter was modest but the market was faced with some major non-renewals. -
Palomar expanded its underwriting footprint in 2020 as it entered the specialty lines market.
-
An increased frequency and severity of fires weigh on per-risk covers.
-
The firm is the first ILS platform to reveal that its funds have the new classification.
-
-
The news follows the reinsurer’s announcement that the executive would step down from his role at the end of April.
-
Amid an April renewal that resulted in a slower pace of typhoon rate increases, ILS deals covering Japan have held up above historic lows.
-
The state-backed carrier has instructed broker Guy Carpenter to renew a slightly smaller initial programme than the $2.1bn it placed last year, but will consider options for additional cover.
-
The reinsurance chief sees no role for the ILS market, as pandemics are "badly defined", with no clear end point.
-
The insurers have both been able to cut pricing below targets.
-
After sizeable increases to take-up in 2019 and 2020, many carriers were already at maximum participation for state Cat Fund coverage.
-
Howden, Plenum, Schroder and Solidum are backing the first-of-its-kind bond, which will be cleared on the ILS Blockchain run by Replexus.
