Schroders-owned ILS manager Secquaero has won a significant $200mn+ mandate, according to sources, as a number of companies target growth in this sector.
Florida is truly the reinsurance market's risk hothouse. Its coastline produces the bulk of the ILS market's exposure, and Florida risks still squeeze out more profit for reinsurers than many other lines of business
Reinsurers' margins are likely to be wafer-thin on normalised cat activity after years of softening rates, ratings agencies have warned ahead of the industry's annual Monte Carlo conference.
High retentions on insurers' catastrophe treaties will shield reinsurers from the brunt of Hurricane Harvey claims, although there could be some cessions.
