Rates

The manager also said the spread-widening associated with Florence and Michael had a dampening effect on cat bond performance.

US homeowners’ insurance business is likely to deliver an after-tax return on equity (RoE) of 5.5 percent in 2018, up from an estimated 4.5 percent in 2017, according to an Aon Reinsurance Solutions report.

The AlphaCat CEO will assist AIG with the use of modelling technologies.

Munich Re said there was growing pressure for underwriting discipline.

The volume of ILS issued in Bermuda was $24.8bn, representing almost three-quarters of $33.3bn of outstanding capacity.

Global reinsurance head Juergen Graeber said as several Japanese carriers bought aggregate cover, the recent typhoons would lead to “detailed discussions” with clients

There may be isolated rate rises, said reinsurers at the Monte Carlo Rendez-Vous.

ILS managers' income is going to be dented by lost performance fees.

CEO Dominic Addesso said it was a mistake that early favourable loss reports had not set off “alarm bells” for the company.

RenaissanceRe CEO Kevin O’Donnell told analysts: “It feels like the wind is at our backs again.”

Some 78.6 percent of investor votes were cast, of which 97.7 percent were in favour of the wind-up.

ILS managers were offering larger line sizes and seeking to compete more often on reinstateable layers in the Florida June renewal, Willis Re observed in its mid-year 1st View report.