Renewals

The provider said the losses were driven by the impact of Hurricane Dorian and Japanese typhoons.

Experts split on how far the mid-year renewals benefitted reinsurers.

The carrier is among the first P&C insurers to release anticipated loss numbers ahead of the third-quarter earnings season.

The Amundi Pioneer fund’s value dropped to $819.9mn at the end of July.

A slew of new retro vehicles were mooted at the Monte Carlo Rendez-Vous and existing players are keen to expand.

The lift in ILW pricing seen at mid-year has been unilateral across most products and was a further increase on the 2018 pricing correction following 2017 events, according to Aon.

Aon’s plan to launch an auction platform in time for 1 January 2020 suggests a struggle is underway in the reinsurance space for the position of auction technology market leader.

Ratings agencies remain positive on reinsurers boosting their use of retrocession to grow, despite this year’s capacity crunch in the retro segment.

The aggregate recoveries were part of A$589mn overall losses ceded by the insurer to its reinsurers in the past year.

Reinsurance buyers with a relationship-driven approach have come through 2019 renewals in better shape than transaction-based cedants.

Axa XL cut back revenues on property cat reinsurance business by 7 percent in H1.

The insurer increased its reinsurance spend by 10 percent in the quarter after adding $400mn top-layer coverage.