Property cat rates up 33% at 1.6: Howden Tiger
Some cedants paid more than 40% increases depending on Florida concentration and Hurricane Ian losses.
2023 Atlantic hurricane season preview: Rolling the dice
Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.
Even clean accounts in the admitted space are seeing rate increases of 15% year on year, while loss-hit accounts in Florida were slapped with a 100% rate increase for June 1.
Early private deals have provided far more stability in this year’s renewal than last.
Shifts in reinsurance appetite across the risk spectrum has squeezed out ILS providers in some cases.
Softening cat bond rates are among the bearish signals for cat rates, but latent new demand and still-cautious supply should prolong reinsurer gains.
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Trading Risk Awards 2023
Welcome to the 2023 Trading Risk Awards, where the best and brightest in the ILS market are recognised for their achievements from the past year – and what a year it was.