Florida Citizens seeks average rate hikes of 14.2%
The recommendations await approval from the Florida Office of Insurance Regulation.
Cat bond pricing comes off the top in Q1, but multiples remain elevated
Business is surging into the E&S market, with rates up in the triple digits in some instances, as carriers combat claims volatility.
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.
Reinsurer-owned ILS platforms were challenged to grow fee income in a tough year for nat cat losses and as cat market economics shifted.
Structures have been developed that would avoid “excessive capital trapping”.
The reinsurer said in its Q4 earnings call that Argo’s takeover further diversifies its operations and adds a foundational piece to its expanding P&C activity in the US.
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Monte Carlo Roundtable 2022
As Trading Risk welcomed ILS market leaders to its Monte Carlo roundtable, there were already headwinds challenging the asset class even before the late September landfall of Hurricane Ian in Florida.