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Camp Fire losses threaten cat bonds

USAA’s losses put it on track to recoup another $82mn from its cat bonds, following a projected $182mn recovery in 2017.

Travelers bolsters reinsurance with new property agg treaty

The new coverage provides Travelers with enhanced protection for its property business at what CFO Daniel Frey said was “an appropriate price”.

2017 and 2018 costliest back-to-back years for insured losses: Aon

Insured losses across all perils for the two years totalled $237bn.

Roche moves to GC Securities

Brendan Roche is responsible for collateralised platforms, captives and capital market reinsurance opportunities sponsored by MMC.

• London-listed Blue Capital fund loses 23.4% in 2018
• Markel Catco new CEO search to commence
• North Carolina pool seeks $250mn from Cape Lookout Re cat bond
• ICA raises hail storm insured loss tally to $623mn
• Rhoads and Barnard replace Belisle and Fredricks at Markel Catco
• ILS capital dips but deployable capacity the real question

Opinion

Was 2018 the best thing that could have happened to the ILS market?

ILS themes and questions for 2019

Twice as bad as usual makes the year’s losses sound explicable as a freak wind of bad fortune

This January may be a portent of changing conditions

Analysis

Broker rate gauges barely flicker at 1.1 renewal

The JLT index is below levels recorded in 2016 and around 30 percent below 2013 benchmarks.

Structural changes enhance retro rates

A key question is whether retro dislocation will spill over into reinsurance renewals.

New sidecars emerge in challenging renewal

Newer vehicles found it harder to get going as sidecar sponsors struggled to hit their fundraising targets in the January renewals.

Sidecar returns disappoint in 2018

The final couple of months of 2018 brought further pain for sidecar investors.

Supplements

Monte Carlo Roundtable 2018

What’s in a promise to pay? That was one of the questions that was circulating at this year’s Monte Carlo Rendez-Vous.

Investor Guide to ILS: H2 2018

The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.