Rates
-
ILS funds have been among the top sources of new demand since 2017, the broker said at an Aon United ILS day in London last week. -
The capped increase compares with an 8.5 percent rise envisaged before the measures to curb assignment of benefits abuse.
-
The insurer paid a rate on line of 11.25 percent for its new personal lines cover.
-
The California Earthquake Authority’s total risk transfer limit has almost doubled since 2015.
-
The ILS fund manager reports that the cost of reinsurance via cat bonds is now “painfully expensive” for some cedants.
-
The research found that commercial insurance prices rose by just over 2 percent in aggregate in Q1.
-
The size of the Integrity Re coverage may shrink to $50mn.
-
The company is now targeting $250mn for its latest cat bond, which is being issued in the UK.
-
The Floridian insurer has reduced the target size of the deal from $75mn to $70mn, as spreads on the transaction have risen 23-24 percent year on year.
-
The deal will take the organisation’s cat bond cover up to $1bn including past transactions.
-
Rising Jebi losses will contribute to a squeeze on capacity.
-
Issuances from United Insurance Holdings, American Integrity Insurance Company and Safepoint have all reflected an uptick in pricing compared with prior-year benchmarks.
