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

24 March 2018

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XL signals ‘meaningful’ retro recoveries amid $1.5bn cat loss hit

12 October 2017

XL Group said it would take $1.48bn of pre-tax catastrophe losses in the third quarter, net of "meaningful" reinsurance recoveries.

The carrier said it continued to have significant catastrophe reinsurance protections remaining for this year and next, including cat bonds which extend into 2019.

In terms of retro cover that may have responded to recent losses, XL's aggregate Galileo and Galilei Re cat bonds are among the deals that have been marked down most steeply.

At a conservative $62.5bn of...

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