Trading Risk May 2018
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Forecasts range from a slightly more active Atlantic storm season than usual, to below-norm. -
Rate increases have mostly been limited to low attaching Floridian wind cover.
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The insured loss would account for less than 20 percent of the overall private property damage in the region, which could amount to $170bn.
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As the 2017 catastrophe claims evolve, an “awful lot” of trapped retro capital could become lost capital, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at the Trading Risk London ILS conference.
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Florida-based insurer UPC has inked several large deals with major ILS managers Nephila, Elementum and Aeolus at the 2018 reinsurance renewal.
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Cat bond volumes are expected to expand by 20 percent in 2018 in the aftermath of last year’s losses, Fermat Capital wrote in an ILS market update distributed by GAM.
