Trading Risk October 2017

The Standard Board for Alternative Investments (SBAI) has developed a tool which calculates a standardised expense ratio across the alternative asset class

The cat bond market may hit a "speed bump" and slow down temporarily after recent hurricane losses while sponsors review their exposure, said GC Securities head of origination Cory Anger

The roughly $5bn-$6bn industry loss warranty (ILW) market is expected to be heavily impacted by the series of 2017 hurricane losses

Annual aggregate cat bonds with industry loss triggers continue to raise concerns for investors as the ILS market recovers from the Harvey-Irma-Maria trio of hurricanes

Early Hurricane Irma loss reports from Florida insurers suggested that the overall industry loss total may come in lower than feared, with at least one major carrier sparing reinsurers from sharing claims

If we were to think of the reinsurance market in foodie terms, it has to be a barbecue joint

Hurricane Maria has compounded fears about how much retro capital could be lost or trapped ahead of the 1 January renewal, when much of the roughly $15bn-$25bn market limit renews

The impact of hurricanes Harvey, Irma and Maria (HIM) means the ILS sector is in line for one of its more complicated 1 January renewals, despite the fact the market's share of losses will be much more contained than it might have been

Analysts have said the recent third quarter catastrophe activity could lead to double-digit rate increases in the reinsurance sector, with the impact being even more profound in the retro market

Mexico is looking to replace its $150mn earthquake catastrophe bond, the head of the Mexican finance ministry's insurance unit has said.

RenaissanceRe said it would take a net $625mn of losses from the three recent hurricanes and Mexican earthquakes.