Rates

The Caelus Re 2017-1 class C layer is pricing down following the latest series of wildfires in California, Trading Risk can reveal.

Florida's state-backed carrier Citizens has planned for an 8 percent rise in its private risk-transfer costs in 2018, following this year's global catastrophe losses.

Covea Group's EUR90.0mn ($106.8mn) maiden Hexagon Re cat bond has settled below the lower end of the initial price target range, according to sources

Investment bank Jefferies said there remains a $20bn gap between (re)insurer loss estimates from Q3 catastrophe events and anticipated industry losses, as it predicted loss creep would fuel rate increases in 2018.

Is 10-20 percent up the new flat?

The ILS market has not yet fully replaced the capital lost or trapped as a result of this year's hurricane events, Horseshoe Group CEO Andre Perez said during an ILS Bermuda event held in London today.

Twelve Capital has predicted that the private ILS or collateralised reinsurance market will see premium rate increases ranging from 10 to 30 percent in 2018, depending on the line of business

The managers of start-up ILS fund Lutece Re said they had raised a "significant amount" of committed capital to begin underwriting at the 1 January renewals

Rates for remote cat bond layers have only increased slightly following losses from Harvey, Irma and Maria and the Mexican earthquakes, GC Securities told Trading Risk.

Losses to insurance-linked securities (ILS) managers overseeing collateralised reinsurance strategies ranged from 10 to 20 percent in September following the recent hurricanes.

A rating correction is widely expected in 2018 after reinsurers said they would push for increases in response to catastrophe losses that have highlighted their softer margins

US homeowners' insurance premiums are forecast to expand by 2 percent to $93bn in 2017, but underlying returns on equity (RoEs) from the business are still deteriorating, according to Aon Benfield