Top Section
Nat cat losses of $115bn in 2022 exceeded 10-year average again: Swiss Re
The reinsurer emphasised the need for improved secondary peril models including predictive capabilities.
Opinion
RenRe will not write all-perils cat as it draws line in the sand
The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
Most Read
-
Sanders Re cat bond prices at 50 bps above top end of guidance
29 November 2022 -
Matson to launch re and retro broker Augment with Altamont as backer
24 November 2022 -
Horner steps up as group head of ceded re at Beazley
24 November 2022
Analysis
Initial loss estimates for the last quarter show lower hits to equity than observed after hurricanes Harvey, Irma and Maria five years ago.
Most ILS firms are marking the Ian loss as a $50bn+ event, although there are exceptions.
Reinsurance underwriters and brokers anticipate a Japanese renewal largely unaffected by Covid-19 as negotiations continue to focus on payback for 2018 and 2019 typhoon losses.
Early reporters emphasised an ongoing demand for structural change.
More News
-
Global reinsurance market stable, but uncertainty remains: AM Best
30 November 2022 -
Canopius Group hires The Hartford’s Graff as US actuarial head
30 November 2022
-
FEMA pay-out figure for Hurricane Ian increases to $769mn
29 November 2022 -
Ontario Teachers Plan ups Progressive stake by ~$400mn
29 November 2022
Upcoming Events
From our other titles
Supplements
Supplements
Investor Guide to ILS: H1 2022
The decade from 2010 ran the full gamut of catastrophe loss experience, reminding us that there is no such thing as a "new normal" in the world of ILS.
