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Reinsurance rates rise by up to 20% in July renewals: Hyperion X

Rate increases should continue but may be increasingly fragmented by January 2021.

The consultancy firm also argued that the World Bank should buy more pandemic cover after receiving a payout under its cat bond programme.

The deal settled at the low end of the revised spread guidance.

The interim CEO said this marks a new era for the utility firm.

Losses to the Res Re and Caelus ILS series have narrowed from prior investor expectations.

Multiple carriers had to revise official terms to get programmes home as reinsurers held firm on price demands.

Reinsurers have held the line on pricing as cedants seek to close out deals, with the market showing further hardening.

Reinsurers push back on aggregate exposure from cascading covers as market gets more differentiated.

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

Reconstruction in the ILS market continues, with ongoing concerns about investor sentiment, capacity growth and the impact of retro rates