Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

ILW rates climbing after Japan and Q1 cats

8 April 2011

Quake products are leading the rise in industry loss warranty (ILW) prices, with California prices up by two thirds in the wake of the catastrophic 11 March Japanese earthquake, Trading Risk understands.

California quake ILWs with a $20bn trigger are now priced at 8 percent rate on line, up from 5 percent, albeit from low trading volumes (see graph).
Click to enlarge
Meanwhile, prices for Japanese quake ILWs have doubled, US fund manager Baldwin & Lyons said in its latest...

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