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Industry loss warranty (ILW) pricing has been "unattractive" for both US and international contracts but the Deepwater Horizon oil spill is fuelling rate on line increases, Bermudian Flagstone Re said in an investor conference call yesterday (3 August).

The comments come after Flagstone's Mont Fort Re sidecar took a $22.9mn ILW loss from the Deepwater Horizon oil spill, as part of an overall $25mn warranty loss.

Supporting recent analysis by Trading Risk, some firming for North American wind ILWs occurred...

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  Flagstone: ILW pricing “unattractive” but rising
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