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Cat bonds pressuring retro market: Gallagher Re’s Wakefield
There have been few retro exits despite softening amid cat bond competition.
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The vehicle will now cover an E&S program jointly launched with Accredited.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
Opinion
Featured and most read
Featured and most read
Featured
Cat bond issuance rises 35% to surpass $23bn in record-setting 2025
Cat bond market growth has exceeded broker-dealers' 2025 forecasts by some distance.
Most read
Analysis
Analysis
Reinsurers could use retained earnings to target growth and buy more retro.
CA Fairplan’s Golden Bear Re deal upsized 200% to $750mn.
The industry has continued to build and innovate through a third strong year of performance.
Migdal Insurance placed its debut cat bond Turris Re for $100mn of quake limit.
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