-
The ratings agency cited slowing rate rises and challenges for carriers to achieve above-inflation premium increases. -
The issuance is Vantage Risk’s second in the cat bond market.
-
The first-of-its-kind deal blends bank financing with ILS funding.
-
The Florida-based insurer’s 2019 issuance is expected to lose up to $37mn of its $40mn principal after Hurricane Ida.
-
The issuance marks the carrier’s return to the cat bond market after a five-year gap
-
Swiss Re’s recent underwriting actions, model updates and risk repricing have prepared it to take on more secondary perils, according to its top team.
-
The new platform has BMA authorisation to hold crypto currency as collateral.
-
The transaction includes a notably high-risk target layer amongst five tranches.
-
The Gallagher Re managing director of EMEA North and East said buyers need to be able to explain their stance on handling inflation, going beyond price to include action on their own underlying limits and deductibles, to get reinsurers on board.
-
There is a tension between securing payback and negotiating higher retentions.
-
Pricing rose to 950 bps, the higher end of guidance.
-
The new law, set to be implemented on 1 July, seeks to lower insurance premiums for cyclone-affected areas of Australia.
