ILS

Limited loss development from HIM hurricanes has dampened rate hikes, the broker said.

The Aon Reinsurance Solutions CEO commented on recent deals that saw carriers broaden their product offering and skill set.

A quest for scale, diversification and tax changes add fuel to the M&A fire.

Ten years ago, I walked into The Insurance Insider office for the first time, flagrantly breaking the first commandment of insurance journalism: never start a new job the week before Monte Carlo.

The issue would be the ILS market’s first terrorism cat bond since the 2003 Golden Goal transaction.

Buyers say lower prices will help them purchase more reinsurance cover next year.

Cat bond expansion drives the growth.

RMS’ Paul Wilson and former MS Amlin executive Adam Tidball have joined the firm.

With Markel as its new parent, the fund manager can diversify further away from its traditional mainstay of property cat reinsurance.

The business has continued to diversify into fee-driven firms through M&A.

Several independent managers remain but ILS entrepreneurs have already largely cashed out.

Citrus cat bond losses are now expected to total $324mn