Reinsurance buying strategies are likely to diverge ahead of the June renewals as some cedants attempt to agree capacity early and others sit tight in the hope of striking a better deal later on, sister publication The Insurance Insider has reported.
Liberty Mutual ceded $1.23bn to its reinsurance partners in 2017 following hurricanes Harvey, Irma, and Maria and the California wildfires, the company said in its end of year results on Monday.
Britain's Department for International Development (DFID) will invest £25mn ($35mn) over a 20-year period in the Natural Disaster Fund managed by Global Parametrics, the DFID has confirmed.
