ILS challenges come to fore in January renewals patchwork
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ILS challenges come to fore in January renewals patchwork

Financial market design concept

The final stages of the 1 January reinsurance renewal showed ongoing momentum in property catastrophe pricing, but several key trends that have emerged this season are emblematic of the challenges and opportunities facing the ILS market.

Two of the central features of the renewal were the major shortage of aggregate capacity, and retro rates outpacing first-tier reinsurance pricing for peak UK cat cover.

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