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Lancashire posted heavy losses in its Q4 result and said its ILS capital is down materially. -
The ILS vehicle delivered a loss of $3.9mn to the parent group.
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The exit of key Florida insurers could spur rate increases.
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The Cayman Islands reinsurer will source underwriting risk for a new feeder fund investing in non-cat securities.
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The carrier cut exposure to both earnings level and highly volatile cat events as it shed risk.
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Industry veteran argues that the culture of the UK regulator is stifling growth.
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The flagship Atropos fund reached $1.4bn while its cat bond strategy is sized at $831mn.
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Scor said it had purchased the same retro limit as it had last year while managing “contained” price increases, as it cut back its catastrophe exposures.
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RenaissanceRe had raised $470mn for the high-risk fund platform a year earlier.
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The carrier’s whole-account XoL retro also shrank by a similar margin.
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December gains of 0.05% marked the third consecutive positive monthly return.
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The impact of Hurricane Ida and other 2021 losses, compounding issues with the industry’s five-year track record, has shown up in the slide in assets under management.
