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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.

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.
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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.