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Twelve: Climate change will not tarnish ILS returns

Climate variations will likely spur demand for ILS capital to help reinsurers manage peak US hurricane exposure, the manager said.

In June, the company renewed its reinsurance program, holding the program’s retention for Florida events steady at $43mn.

The National Flood Insurance Program is expected to take $400mn-$800mn of losses.

The reinsurance convention will take place between 11 to 16 September “subject to the health situation”.

Retro structural change will provide a lot of the gains in 2021, with trapping negotiations complicating the mix.

Nearly 1,000 insurance disputes over pandemic coverage were filed by the end of July, according to data highlighted by sister title Inside P&C.

With the fundraising season approaching, tensions are rising over several points of dispute.

Early Q2 forecasts show Covid-19 losses well short of initial hit to carriers from 2017 hurricanes.

Covid-19 and ILS strategies: locking down diversification benefits.

Climate change and ILS strategies: reshaping the market's response