ILW prices drop 10% in stagnant June market
Industry loss warranty (ILW) prices for peak US wind covers
dropped about 10 percent in June with very little trading in the
contracts after a smooth renewal on the traditional market, sister
publication Trading Risk reported last
week.
The price dip means $20bn US wind covers are now priced at
rates-on-line (RoL) of around 26 percent, although there are wide
bid-ask spreads, according to sources.
Some Florida covers have dropped by nearly 20 percent, according to
Aon Benfield pricing sheets...
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