-
The move comes amid a general cutback from reinsurers’ in their cat risk appetite. -
The deal protects the carrier’s capital in the event of large nat-cat or mortality losses.
-
Tension is emerging at the reinsurance level over the retrenchment from all-perils coverage, which previously offered ‘sleep-easy protection’.
-
A FLOIR arrangement will help Floridians secure homeowners cover during hurricane season.
-
The broker said clients can move fast in a harder market but need time to review quotes.
-
The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
-
Some firms have fared better than others in the competition to raise funds during the year.
-
Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.
-
Conduit Re CEO Trevor Carvey said that a lack of legacy left the carrier well placed for the upcoming renewal.
-
Early reporters emphasised an ongoing demand for structural change.
-
Reinsurers and brokers alike have warned of a rocky 1 January renewal process ahead as the industry grapples with multiple issues including inflation, climate change and geopolitical uncertainty.
-
Florida specialists have continued to cede more premium to reinsurers, topping $7bn in 2021.
