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Retro purchasing rose modestly at the mid-year renewals, but this did not prevent rate increases from slowing, sources said.
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The PIC parent has completed a number of longevity swaps.
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The body said it was cautiously optimistic that an outbreak of the virus had been contained to remote areas. -
Private lapse deals are on the rise in the ILS market, driven by Solvency II regulations which require life insurers to hold onto more capital for lapse risk, according to life ILS managers.
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Demand for retrocession is expected to be up slightly at the mid-year renewals, but with relatively little business concluded so far there is no clear outlook on how rates will hold up.
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Based in Bermuda, Matt Flynn will focus on retrocessional property catastrophe business at RenaissanceRe.
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David Horley will work on deal origination, structuring and execution.
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The World Health Organization calls the arrival of Ebola in an urban area “very concerning” although no deaths have been confirmed.
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Canada Life Reinsurance has reinsured a significant proportion of the longevity risk.
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As the 2017 catastrophe claims evolve, an “awful lot” of trapped retro capital could become lost capital, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at the Trading Risk London ILS conference.
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The retro manager's Irma loss deterioration is on a higher scale than that reported by peers.
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Ever heard the underwriting joke about how to spot the actuary driving a car?
