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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January. -
Drop-in capital has now largely left the cat bond market.
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Some $415mn of capacity entered the market last year.
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Exposure updates played a greater role than expected.
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The outlook for M&A activity is brighter after 2023 returns.
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The carrier is designing an investable portfolio of long-tail risk.
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Sponsors still secured terms that were favourable relative to traditional cover.
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Aside from the one-year view, 2023 remixes the track record.
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The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
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Of the 18 top-tier ILS managers, 10 recorded growth, while eight were flat or down.
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Typical ILW attachment points for US peak perils have fallen from $60bn to $40bn-$50bn as the market awaits the final Hurricane Ian number from PCS.
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The sidecars segment has been attracting inflows after returns hit a high note in 2023.
