Rates
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As less ILS capital was available at 1 January, retro rates rose by up to 35 percent on loss-hit deals, the broker said in its 1st View report. -
Quota share and aggregate retro remain the most disrupted pockets of the market ahead of the January renewals, as underlying reinsurance looks flatter.
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The manager also said the spread-widening associated with Florence and Michael had a dampening effect on cat bond performance.
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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.
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The AlphaCat CEO will assist AIG with the use of modelling technologies.
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Munich Re said there was growing pressure for underwriting discipline.
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The volume of ILS issued in Bermuda was $24.8bn, representing almost three-quarters of $33.3bn of outstanding capacity.
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Global reinsurance head Juergen Graeber said as several Japanese carriers bought aggregate cover, the recent typhoons would lead to “detailed discussions” with clients
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There may be isolated rate rises, said reinsurers at the Monte Carlo Rendez-Vous.
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ILS managers' income is going to be dented by lost performance fees.
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CEO Dominic Addesso said it was a mistake that early favourable loss reports had not set off “alarm bells” for the company.
