Last year’s catastrophe losses were exactly the kind of disaster event that made it easy for ILS managers and reinsurers to pitch to investors for fresh capital and to succeed in delivering the “great ILS reload” at the year-end of 2017.
The world of so-called collateralised reinsurance has always been a bit of a misnomer as significant volume is transacted behind several rated fronts.
Hurricane Michael’s losses will contribute to a scrappy year for reinsurers and ILS firms.
M&A is once again at the forefront of industry minds, as Scor and RenaissanceRe have been fending off bidders and activist investors in recent weeks.
A gloomy pub in Lime Street, EC3 – the kind where light barely penetrates stained glass windows, hiding any grubby floors – is an apt metaphor for the opacity of the reinsurance markets.
Broker distribution facilities have made a comeback in recent years as intermediaries seek new ways to streamline operations and boost fee income.
Thank you for printing this article from Trading Risk.
If you have been given this article by a subscriber, you can contact us through www.trading-risk.com .