-
The ILS broking leader was speaking at the first in-person Munich Re ILS roundtable at the Monte Carlo Rendez-Vous since the pandemic.
-
The price for risk carrying is no longer insufficient, Munich Re's CEO said in a Monte Carlo briefing.
-
Moody’s, S&P and Fitch all see current conditions as potentially allowing for ILS growth.
-
Succeeding years of nat-cat losses have left aggregate and lower-layer capacity tighter.
-
The deadline for Lighthouse Excalibur policy cancellations has been extended to 30 June.
-
Reinsurers secured concessions on terms and hiked rates as most insurers managed to patch together cover to enter hurricane season.
-
DE Shaw has been offering a form of “capacity wrap” to insurers in which its limit could be used to plug gaps throughout programmes, sources said.
-
The chunky deal comes as many reinsurers are heavily cutting their Florida cat books.
-
With reinsurance availability scarce and costs rising, several carriers have called an interim halt to new homeowners’ business.
-
Some cedants remain far behind in a stressed renewal, but others are on the path to completion in a reshaped Florida market.
-
Proposed RAP coverage layer adds protection and exposures for insurers.
-
Several firm-orders have been released, but there are widespread expectations of a much-delayed renewal as low-layer capacity remains elusive.