Issues

The reinsurance chief also says he’s preparing clients for significant rate rises as the carrier’s underwriting “walks the talk”.

Loss deterioration, interest rates and capacity reduction lend weight to reinsurers’ case for rate rises.

Cat bonds sponsored by the California Earthquake Authority and the Philippines government both achieved their target size while pricing in the upper range of coupon guidance.

International CEO Vandendael predicts staff numbers in London and Dublin will rise by about a quarter in 2020.

Any carrier troubled in recent months by large losses, be they property or casualty, will have noted Zurich CEO Mario Greco’s claim last week that his company has neutralised the threat.

The business was established as a JV by Willis and Pembroke in 2012 after change in Lloyd’s rules.

The Corporation said it would lobby regulators and tax authorities to deliver an effective structure.

One of the best indicators of risk is how much growth was written in problematic lines during the soft market years.

Inside P&C analysts applaud loss ratio improvement but note there is more work to be done on expenses and capital efficiency.

The four European carriers have significantly outpaced Bermudian reinsurers in GWP growth so far this year.

The latest Galileo cat bond has five tranches and will cover various natural catastrophe risks in the US, Canada, Puerto Rico and the US Virgin Islands, Europe and Australia.

The Hyperion X analytics head said the process would be “painful and nerve-wracking” but would enable more trading opportunities.