ILS

Changes to the categorisation and oversight of managing agents seek to reduce duplication and thereby cut costs.

Cat bond funds have been attracting inflows while confidence is patchier across collateralised re.

The company increased its full year 2024 adjusted net income guidance.

The proposals include increasing either statutory or CRTF funds.

ILS becomes less viewed as an “alternative” capital and has become a standard consideration for insurers and reinsurance whilst new perils, like cyber and terrorism, are expected to continue to grow, said Philipp Kusche, Global Head of ILS & Capital Solutions, Howden Capital Markets & Advisory, at the Insurance Insider ILS Conference in London.

Increased interest from new entrants/cedants and new investors – plus attractive pricing – is helping expand the catastrophe bond market, said Patrick Witteveen, Co-Managing Director of Catastrophe Bond Solutions, Acrisure Re.

Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.

A hard cat market in 2023 means cedants must consider the alternatives.

Alexandre Delacroix will lead the Continental hub.

A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.