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Homeowners’ insurance rates have spiked almost 60% since 2018. -
Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The storms struck Victoria, New South Wales and Queensland.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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The company no longer has any exposure to reinsurance contracts.
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The regulations are part of a state effort to expand wildfire coverage.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The reinsurer said investors were interested in expanding after benefiting from good results.
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The bond will provide multi-peril coverage in the US and District of Columbia.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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Former ILS investors who left the space have looked again and re-allocated.
