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Florida carriers reprice to herd chaotic renewal closer to finish

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

Twia upsizes Alamo Re cat bond at upper price target

The bond’s spread has moved to the top of the initial range, following the prevailing trend this renewal.

Beazley hopes to grow tracker syndicate to $1bn premium

The facilities syndicate was aiming to write $150mn in premium this year, up from $36mn in 2019.

ART seeking $100mn from Blue Halo cat bond

The bond will renew only part of previous Blue Halo cover benefitting Nephila's fronting partner.

• FHCF will let $920mn reinsurance cover lapse as Florida market hardens
• USAA withdraws riskier layer of latest ResRe multi-peril cat bond
• Haft returns to cat brief at PartnerRe
• South Carolina braced for Tropical Storm Bertha
• Edmonds launches blockchain collateralised re platform
• HSCM joins SBAI as a signatory

Opinion

Will the ILS market lose out to a reinsurer class of 2020?

Coronavirus outbreak may open up ILS opportunities

Redefining the USP of ILS

Access isn't just an empty mantra – but it has little to do with relationships

Analysis

Florida renewals go piecemeal as reinsurers jostle for private deals 

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

Florida rate expectations surge as cascade covers stoppered

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

Florida ILS market share dips in 2019 as Swiss Re moves up leaderboard

Two large ILS managers bucked the trend for alternative retractions, but traditional carriers recorded the fastest expansion.

Covid's long-tail BI risk will test trapped capital evolution

Retro deals are seen as a particular concern over growing fears that trapped capital will again be an issue in 2021, as post-2017 innovations will be tested out.

Supplements

Investor Guide to ILS: H1 2020

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

Monte Carlo Roundtable 2019

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