-
The firm said its maximum no-loss return was 30 percent, up from 23 percent in 2018.
-
Florida Specialty, which has ceded 100 percent of its risk to Sirus America Insurance Company, was among those affirmed.
-
The business is achieving a 10 percent uplift in pricing.
-
The insurer passed on $17.7mn of major losses to third party investors in 2018.
-
Reinsurers said they were expecting more pressure on rates in the upcoming April and mid-year renewals during the early part of the fourth-quarter reporting season.
-
Hopes for significant rate increases are building.
-
The carrier predicts P&C rates will increase in the double digits in both Japan and the US later this year.
-
The carrier said its P&C reinsurance major-loss expenditure for Q4 was EUR886mn, almost double that of the prior-year quarter.
-
The carrier renewed its retro contracts and expanded its K sidecar to $640mn for 2019.
-
The manager said it also expected currently attractive cat bond opportunities to dissipate later in 2019.
-
The firm grew its treaty reinsurance book by 15 percent in the January renewals.
-
The company’s investors were now more diversified, CEO Albert Benchimol said in an earnings call.