Pioneer's ILS Interval Fund reported a loss of 4.95 percent for the year ended 31 October, as its sidecar investments took losses of between 2 and 25 percent following 2017 catastrophe events.
Willis Re said that global catastrophe reinsurance pricing ranged from flat to up 7.5 percent year-on-year at the January 2018 renewals, as reinsurers were rebuffed in their attempts to seek more meaningful increases.
A theme of the renewal is the ILS market's success in quickly and effectively reloading, allowing it to trade forward immediately post-loss despite significant claims and locked capital.
