ILW rates dropped on average by 5%-15%, and up to 25% for US peak perils, year-over-year as of January, sources have told this publication.
The
ILW rates fall by up to 25% as market begins to soften
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.