Analysis

Even clean accounts in the admitted space are seeing rate increases of 15% year on year, while loss-hit accounts in Florida were slapped with a 100% rate increase for June 1.

Early private deals have provided far more stability in this year’s renewal than last.

Shifts in reinsurance appetite across the risk spectrum has squeezed out ILS providers in some cases.

Softening cat bond rates are among the bearish signals for cat rates, but latent new demand and still-cautious supply should prolong reinsurer gains.

Five counterparties account for almost half of all premiums ceded by a sample of major Floridian carriers, analysis shows.

The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.

UBS previously explored setting up an ILS offering, but instead opted to offer other firms’ products.

The asset class is finding favour particularly with allocators that have been watching returns play out over the long-term horizon.

A trend for slightly riskier bonds has brought with it a rise in the absolute margin on offer.

The cat bond market is thought likely to receive an outsized portion of any capital inflows.

Beazley executives spoke of further growth prospects in the class, after its results revealed a 79% combined ratio for its cyber division in 2022.

A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.