-
Pricing slipped to the lower ends of the guidance ranges as the reinsurer upsized a hurricane tranche of the trade, sources said.
-
The former Aon retro broker was previously CEO of the UK arm at Fidelis.
-
Bermuda carrier tactics highlight increased reliance.
-
Further retro price increases at 1 January may not have yet produced much impact on the underlying reinsurance markets, but the true test will come at 1 June.
-
New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.
-
The retro transaction priced below the target range, according to sources.
-
Trapped collateral left overall capacity flat, despite a 5 percent increase in rated capital.
-
Hyperion X estimated retro rates have risen to around 140 percent of their pre-Irma levels.
-
Over the past year, Willis Re's index shows riskier deals and a hardening market have lifted average cat bond yields.
-
The broker's chairman of international business James Vickers said reinsurers are only trimming capacity on the edges of the cat market.
-
The broker’s 1st View report highlighted diverging reinsurer tactics and segmented renewal outcomes.
-
US cat reinsurance renewals moved flatter than expected as 1.1 neared.