Issues

Make no mistake about it, at times like these, the modelling and ratings agencies are the de facto regulators of the marketplace.

Cat bond market prices had been written down by 5.3 percent by mid-October after hurricanes Harvey, Irma and Maria, as multiple insurance-linked securities (ILS) transactions were expected to respond to the disasters

Mapfre has indicated to its reinsurers that it expects the global umbrella catastrophe layer that sits at the top of its programme to run clean from Hurricane Maria, The Insurance Insider understands.

Rate softening in the European reinsurance market will come to an end in January as the insurance sector responds to a $100bn third quarter cat bill.

Look-up tables of all the Q3 loss announcements so far by event

The onslaught of catastrophes in the third quarter could serve as a springboard for commercial rate hikes in the US, if commentary by early reporter and industry bellwether Travelers is anything to go by.

A look-up table of all the Q3 loss announcements so far by company

The Mexican state education authority is leading a string of direct and facultative (D&F) losses expected by the London market following the two earthquakes which struck the country in September.

The reaction of investors in cat funds that write retro will play a major part in determining the extent of rate hardening for both reinsurers and insurers at 1 January.

Anyone who spends time on LinkedIn will be more than familiar with the eye-catching headlines written by the marketing departments of large recruitment or consultancy firms.

London-listed (re)insurers have emerged as the most affected by the third quarter's catastrophe events.

These Mexican losses are just the tip of the iceberg for the London direct and facultative (D&F) market.