Blue Capital said that its New York-listed reinsurance vehicle is expecting loss-affected and quota share business to benefit from 15-25 percent rate increases in 2018.
Reinsurers remain optimistic about the prospects for rate increases in 1 January renewals, but UBS analyst Jonny Urwin said he sensed less “gusto” following a conference call with Hiscox, Beazley, Lancashire and Validus representatives.
Swiss Re is the leading reinsurer for the main Californian primary P&C writers, some of which may draw on their reinsurance policies following wildfires in the state last month, analysis from sister publication The Insurance Insider shows
USAA has extended the risk period for its Residential Re 2013-2 class 1 notes that were due to mature on 6 December, as it held back half of the bond's $80mn principal pending a potential wildfire claim
