-
Several Florida cat bonds among new second quarter ILS transactions have set tight pricing precedents that will undoubtedly be used by insurers to try to keep a lid on rate movements in the upcoming mid-year renewals.
-
US commercial property insurance rate increases are already showing signs of slowing in the face of a well-capitalised P&C industry buoyed by an appetite for alternative capital, according to Willis Towers Watson.
-
Willis Re said global catastrophe pricing was broadly flat in an "uncontentious" April renewal, as it noted a dramatic change to the reinsurance landscape as primary carriers re-entered the market through M&A deals.
-
Pricing on Japanese catastrophe programmes has been flat in the latest renewals, despite attempts from reinsurers to leverage the 2017 cat losses to secure improved terms.
-
Several Floridian insurers are looking to lower their reliance on the state-backed reinsurance fund in 2018, bringing a small amount of new demand into the market.
-
The Texas Windstorm Insurance Association will reset its Alamo Re 2017 cat bond to trigger at a lower level after its Hurricane Harvey losses wiped out the association's funds.
-
Stone Ridge Asset Management has appointed Denver-based Alps Distributors as its new distributor
-
Florida homeowners' insurer Federated National has renewed its reinsurance programme with $2.19bn of aggregate limit, down slightly from the $2.22bn secured last year, according to a Securities and Exchange Commission filing.