-
The P&C Re CEO discussed Swiss Re’s P&C appetite and nat cat exposure in the investor presentation. -
The ILS sector grew in the context of 0% interest rates historically.
-
Demand is expected to boost the ILS market growth.
-
The firm’s 1st View report on the July renewals also flagged that an oversupply of ILW capacity may bring down attachment points relative to early 2023.
-
The broker estimated global reinsurance capital rose by $30bn over the first quarter, with a 7% uplift in alternative capital and a 5% recovery to traditional equity.
-
The organisation bought $1.4bn of reinsurance at 1 April.
-
This year’s program – sealed with a panel of 78 reinsurers – includes $875mn of multi-year ILS capacity providing diversifying collateralized reinsurance capital.
-
The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.
-
Aon expects depleted shareholder equity to be restored over time via higher retained earnings and the ‘pull-to-par’ effect of bonds approaching maturity.
-
Cat bond pricing has fallen by about 12% since year-end but margins are still strong enough that the market could be set for meaningful growth, the broker forecast.
-
The real test for cat capacity will come at the mid-year point, according to Gallagher Re.
-
The cat bond market is thought likely to receive an outsized portion of any capital inflows.
Most Recent
-
Hiscox Re & ILS allocation redeemed by Future Fund
30 November 2023 -
Hamilton Re seeks $150mn of retro coverage
30 November 2023 -
CEA upsizes Ursa Re deal by around 56% to $575mn-$675mn
30 November 2023