Casualty/GL
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The reinsurer took $743mn of nat-cat losses in the quarter. -
Nat cat pricing is expected to be more or less flat, with rises on loss-affected programmes.
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Reserve risk specialist Enstar has struck its first deals in the ILS space this year.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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The facility will provide reinsurance coverage over three underwriting years.
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The carrier said European cat business needs further price improvement.
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The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.
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The transaction complements its previous acquisition of RMS in 2021.
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Growth was driven by strong returns and new investors entering the market.
