News Home

Reinsurers will demand 40-50% wind rate hikes in Japan: TransRe

CEO Mike Sapnar said losses in the last two years have wiped out premiums.

Zenkyoren lifts Nakama cat bond to $200mn at higher end of pricing

The pricing benchmark on the low-risk quake bond has risen 10 percent above a similar 2018 transaction.

Swiss Re seeks up to $275mn from second Matterhorn Re cat bond

The cat bond covers hurricane and extreme mortality risks, according to sources.

American Strategic seeks $100mn from Bonanza Re cat bond

The Floridian carrier has returned to the cat bond market for a third time, adding wildfire, earthquake and winter storm perils to its latest transaction.

• Travelers recovered $101mn under aggregate treaty
• Hannover Re’s cat bond upsizes 50% to reach $150mn
• IAG hailstorm losses to reach occurrence reinsurance trigger
• Symms joins Fidelis as head of outwards reinsurance
• Florida demand changes ‘marginal’ from Demotech fallout
• Pricing on Vitality Re XI cat bond settles down 25%

Opinion

The intertwined tail risk of cat losses and investor reactions

Staying relevant will be a 2020s challenge

There's only so much nat-cat loss tallies can show us about the state of the market

Questions over how reinsurance market will deal with earnings covers in future – but some resolutions could be addressed

Analysis

Casualty market rate pressure picks up

Social inflation is not just a Florida issue – it's also top of mind in the casualty market.

Retro deals bolster cat bonds in slow 2019

New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.

Low cat loss tally for 2019 as prior-year events create drag

Reinsurers pegged 2019 nat cat losses 23 percent lower than the 10-year average, but prior-year disasters created headlines.

Brokers identify uneven momentum in 1.1 reinsurance renewals

Intermediaries called the renewal “asymmetric” and “divergent” as rates began to move up after a pressured few years.

Supplements

Monte Carlo Roundtable 2019

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

Investor Guide to ILS: H2 2019

Reinsurance conditions began moving in investors’ favour in mid-year 2019, marking a delayed reaction to 2017-2018 losses.