Trading Risk October 2018

The US flood market has traditionally been the domain of the publicly backed National Flood Insurance Program (NFIP).

Leaders at AIG and Axa XL have signalled plans to further develop their use of ILS capital after closing recent acquisitions.

Distribution and transaction efficiencies have been targets for InsurTech gains but the time for underwriting improvements will come.

Conservative initial loss picks may have helped limit adverse development from the 2017 hurricanes, according to JLT Re.

Tremor Technologies’ electronic auction house for reinsurance made its first trades this summer, joining a growing number of initiatives aimed at creating online marketplaces for risk trading.

Tullett Prebon has signed up 60 clients so far to its London-based Insurance Linked Notes (ILN) platform, which enables lower-cost and anonymous live trading of industry loss-based securities.

Florida Citizens has recovered more than a third of its $350mn “wrap” insurance cover from reinsurers, with payments led by Validus.