ILS

Key themes of the renewal that resonated across the ILS investor base include the elevation of attachment points, though lack of take-up of named perils coverage may disappoint some.

The incoming president for insurance also highlighted the role Nephila could play in the transition to net zero.

The former analyst at Aeolus joins the growing number of ILS experts to join the firm.

Senate Bill 2A addresses key concerns in the Florida property market, including one-way attorney fees and assignment of benefits, the ratings agency said.

The analysts said reinsurers are moving back to cover capital events rather than earnings.

The regulator has implemented several changes, which it says will increase UK competitiveness and bolster participation in the UK’s ILS market.

The firm has folded its former Nimbus weather strategy into the new vehicle.

The Accelerant group provides capacity to MGAs and maintains two reinsurance carriers.

As Trading Risk welcomed ILS market leaders to its Monte Carlo roundtable, there were already headwinds challenging the asset class even before the late September landfall of Hurricane Ian in Florida.

Quota shares, collateralised re, ILWs and event-linked swaps will also form part of the offer.

Hurricane Ian’s legacy will undoubtedly lead to some shake-ups in the ILS sector, with ongoing progression outside cat and ESG strategies likely to be a focus.

The second Sakura Re will use a dual per occurrence and annual aggregate trigger.