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Weston pulls Marlin Re and buys major county-weighted ILW
The 1 June renewal posed challenges for Florida insurers seeking reinsurance cover.
Opinion
Breaking the binary: How thinking is evolving on primary and secondary perils
Investors, fund managers and service providers are adapting in the face of potential large losses from secondary perils.
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Ledger raises $75mn Series B funding led by WestCap
22 June 2022 -
Vesttoo hires Sola as global head of capital markets
22 June 2022
Analysis
Beyond pandemic exclusions, there has been a mixed response to changing ILS terms after the trapping issues.
Rates have climbed 20%-35% since 1 January, and 40%-50% year on year, sources estimated.
Reinsurers secured concessions on terms and hiked rates as most insurers managed to patch together cover to enter hurricane season.
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.
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Insurtechs Looking to Change the Insurance Landscape
At the Insurtech Insights USA conference in New York, Insider Engage spoke to several companies about what they see as the biggest issues facing the industry — and how insurtechs can help meet those challenges.
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Building Flood Resilience: A Role for Re/insurers in a Wetter World
Insurers can take steps including viewing flood as a primary peril, writes Jason Richards, CEO of UK & I for Swiss Re.
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London cyber market sees inverted pricing amid rate slowdown
Insureds are also buying less limit to manage spend, which is impacting the flow of business to the London excess market.
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Revitalising Scor: Rousseau’s strategic challenges
The French reinsurer faces a number of hurdles as it looks to set its new corporate strategy. We outline the challenges ahead.
Supplements
Supplements
Investor Guide to ILS: H1 2022
I started writing about the cat reinsurance market in 2010 and for many years the stories my then editor recounted about covering hurricane season seemed like an old-time legend.
