Trading Risk December 2019

Start-up activity in the market has slowed down.

This year has arguably been the peak stress point for the ILS industry in the 2017-2019 post-Hurricane Irma years, despite the fact it has been the lightest of the three years for catastrophe losses.

There is a growing confidence that the storm will remain below the $10bn.

The settlements must be approved by California’s governor as well as court judges to enable the utility to exit.

Australian investors were among the ILS pioneers and some speculate that consolidation of Australian pensions into mega funds could help grow the industry’s local presence further.

Overall reinsurance capacity is becoming harder to source for InsurTechs.

Cat specialists RenaissanceRe and Everest Re took the highest proportional hit to equity from the Q3 disaster losses, which resulted in an average cost equivalent to 1.7 percent of shareholders’ equity.