ILWs

Hannover Re CEO Ulrich Wallin has told analysts and investors that he expects retrocession prices to increase across the board at 1 January.

Retro renewals testing the market in the wake of HIM, quake and wildfire losses seem to indicate rate rises in the 20-35 percent range, The Insurance Insider understands.

Barbican is planning to raise £160mn ($209mn) of capital to fund a collateralised reinsurance vehicle that provides stop-loss retro cover to Lloyd's syndicates

RenaissanceRe took about $2.2bn of gross losses from the third quarter catastrophes but was able to reduce this by two thirds after cessions to capital partners and retro providers and by recognising reinstatement premium income