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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals. -
Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The firm’s external AuM has grown by 175% from 2019 to $3.3bn in 2025.
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Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The peril has been historically difficult to model compared to others.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The (re)insurer has a higher-than-average Jamaican market share.
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