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

4 February 2012

Low end marine ILWs pulled from market in Deepwater aftermath

21 July 2010

Buyers of lower trigger level marine industry loss warranties (ILWs) are struggling to find affordable cover as sellers effectively take the contracts off the counter in the wake of Deepwater Horizon, Trading Risk can reveal.

According to senior sources, $500mn and $650mn triggered contracts, which were priced at between 30 and 35 percent rate on line (ROL) prior to the event, are no longer available at realistic prices.

At the same time, demand for top-end non-elemental marine ILWs - offering...

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