-
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty. -
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
-
The programme structure was expanded, but it is unclear what percentage was placed.
-
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
-
The carrier increased premium by 7% at the January renewals.
-
The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
-
The firm ceded $417mn of premiums to the sidecar in 2024.
-
Several Florida start-ups are poised to begin writing business this year.
-
Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.
-
The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.
-
EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
-
Non-proportional business accounted for 34% of its total.
