-
The agency predicted more companies would take action like Capitol's decision to shed policies.
-
Reinsurers have held the line on pricing as cedants seek to close out deals, with the market showing further hardening.
-
Reinsurers push back on aggregate exposure from cascading covers as market gets more differentiated.
-
The ILS market is among the leaders in holding firm on exclusions.
-
The carrier abandoned plans to do a new cat bond and boosted traditional cover on “better terms”.
-
The carrier’s CFO said Florida pricing “could return to more rational levels” after years of underpricing.
-
Uncertainty created by Covid-19 is driving demand, as insurers move to protect capital, Jean-Paul Conoscente said this week.
-
Ahead of the renewal, Scor’s CEO had been pushing for double-digit rate increases in Japan.
-
Early firm orders showed similar levels of increases to 2019, but are not expected to be a strong benchmark in a fast-changing market.
-
The California body’s $900mn in bonds constitute 20 percent of unrenewed notes maturing before July.
-
Underwriters will likely keep pushing for higher rates, the rating agency said.
-
Willis Re said overall ILS share was stable, as some took advantage of rising rates in Japan.