Rates

Pricing for industry loss warranties is up by 15-30 percent on loss-affected covers, according to figures from brokers, as the market picks up after a slow start to the year.

Losses from US primary habitational and coastal hotel accounts have driven pockets of localised hardening in the US commercial property insurance market, with rate increases of as much as 70 percent for some risks.

The Blue Capital Alternative Income Fund is expected to deliver returns of 8-13 percent in 2018, up by roughly a third compared to the 6-10 percent expected return from its 2017 portfolio, the ILS manager announced.

The World Bank's South American cat bond has priced just below the upper end of a revised target range at $1.36bn, according to Trading Risk sources.

Investor allocations to the ILS sector could increase in 2018 after capacity was quickly replenished following last year's losses, JLT Re said today in its Reinsurance Market Perspective report.

S&P Global Ratings has forecast that there will be double-digit rate increases in Puerto Rico and Florida this year, following last year's hurricanes.

Aetna Life Insurance's $200mn Vitality Re IX cat bond has priced at a record low with both tranches of the deal settling below the initial guidance, according to sources

Convergence reinsurance capital rose by 9 percent throughout 2017, from $75bn to $82bn, Guy Carpenter said in its January renewals report.

A smooth reloading of ILS capital and a glut of capacity contributed to catastrophe reinsurance rates rising by less than reinsurers had pushed for following last year's losses, brokers said in early post-renewals reports

The momentum for retro rate increases at the January renewals slowed at the end of last year, sources said, as lack of new demand and a smooth reload of lost capital meant increases fell short of expectations

Cat bond volumes reached $11.1bn in 2017, according to Trading Risk records, as new sponsors Validus Re and Covea wrapped up fourth quarter deals in a record year for issuance

I took a three-week holiday in the sun in December - not the sort of thing you want to go bragging about in the reinsurance market when many people are working late nights in the run-up to the 1.1 renewals