-
The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability. -
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
-
-
Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.
-
The company increased its full year 2024 adjusted net income guidance.
-
Top layer competition is an added pressure on ILS firms, but the impact can be overstated.
-
Twia needed to purchase $3.35bn of reinsurance to satisfy its $6.5bn 1-in-100 PML.
-
The expected spend is around 33% higher than Twia had budgeted.
-
The suggested update to the PML is $2bn higher than last year.
-
The carrier also set out detail on its alternative solutions offering.
-
European rates on line increased by 7.60%, while in the US prices were up 5.25%.
-
The $7bn initial attachment point has remained unchanged from last year.
