ILS

The $54mn ILS issue follows the city state’s introduction of a grant scheme for the securities a year ago.

Adverse development and a withdrawal of capacity are expected to lead to increased pricing for loss-affected Latin American accounts.

Julian Enoizi, who was instrumental in bringing the £75mn Baltic Re terrorism cat bond to market, said using ILS for an exotic risk was “a long journey”.

CEO Masojada calls the London market business, with a combined ratio of 89.3 percent, the "standout performer".

The Eurekahedge ILS Advisers index posted its worst December performance on record.

Baltic Re will provide coverage for Pool Re’s losses between £500mn and £700mn.

Andy Corton will join the carrier’s marine operation.

A highlight of last week’s packed Insider London conference came when former Catlin COO Paul Jardine was asked a question from the floor about whether he felt his erstwhile colleagues (taken to mean Stephen Catlin and Paul Brand) were “crazy” to be capital-raising for a major new (re)insurance venture in today’s market.

Rates softened slightly as buyers returned to the market.

After listening to the Markel earnings call, I feel prompted to again ask the question: is this the end for Markel Catco?

Reinsurers did not adequately adjust pricing to account for 2018 losses and 2017 creep, the ratings agency says.

The internet grocer previously warned the fire would hamper sales growth.