Trading Risk March 2019

Florida insurers should have more of a stake in managing the claims process, the Secquaero CEO said.

Some primary insurers are scaling back or withdrawing from offering Californian wildfire cover after two years of record losses, sister publication The Insurance Insider reported.

There is uncertainty around whether it will ultimately be the ILS market or the traditional reinsurance market that drives wildfire re-pricing, panellists said at the Sifma IRLS conference in Miami.

Warm winter sun might have helped Miami’s case for bringing ILS folks to the city for one of its annual conferences a couple of weeks ago.

The impact of Hurricane Irma loss creep is coming to the fore ahead of the June renewals.

Both houses of the state legislature are eyeing up reform of attorney fees involved in litigated insurance claims.

Q4 loss creep from Hurricane Irma averaged 25 percent amongst the state’s five listed insurers.

People moves in the industry in the past month

New aggregate demand from Japanese cedants may also present opportunities for ILS markets.