The impact of Hurricane Irma loss creep is coming to the fore ahead of the June renewals.
Both houses of the state legislature are eyeing up reform of attorney fees involved in litigated insurance claims.
Q4 loss creep from Hurricane Irma averaged 25 percent amongst the state’s five listed insurers.
New aggregate demand from Japanese cedants may also present opportunities for ILS markets.
Both Axis and RenaissanceRe significantly lifted fee income from third-party partners in 2018 as increased volumes and reinstatement income drove more business to be transferred to ILS partners.
Mitsui Sumitomo Insurance (MSI) now owns 80 percent of Leadenhall Capital Partners after taking over the holding from its international subsidiary MS Amlin.
A diverse loss year produced steeper wildfire and typhoon losses than initially estimated.
Hopes for significant rate increases are building.
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