Carriers expect hard market to continue into 2021 Coronavirus is just one factor driving rate increases, (re)insurers said.
Covid reinsurance demand uplift likely to be modest A number of major carriers have bought new catastrophe covers, but the overall gain is likely to be muted, brokers forecast.
Aon: Reinsurance capacity holds up in H1 but challenges loom Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.
Axis taps private market for $100mn deal after Northshore bond lapses The (re)insurer placed a new $100mn enterprise cover, ahead of the $350mn bond elapsing.
Suncorp buys new A$400mn XoL cover for 2021 Reduced exposures take the vertical limit on carrier’s cat programme down to A$6.5bn from A$7.2bn.