January 2019/1
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The programme has been sustained by a dozen short-term lifelines amid political impasse in the US Congress.
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The Willis Re executive said 2019 could be a challenging year for some ILS managers, as some products have performed poorly.
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Commissions on QS deals fall and excess of loss rates show modest improvement in the US. -
When industry leaders talk openly of the need for consolidation, it rightly tends to get people’s attention.
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Expectations of rate rises and outsized catastrophe losses resulted in a subdued annual performance for the composite index.
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Reduced ILS capacity is impacting the sidecar and retro market in particular.
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The reinsurer has absorbed almost $500mn of losses from its sister company in less than two years.
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An increase in activity at the oil and gas fields helped maintain the industry’s premium pot.
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ILS showed reinsurers the New World, but reinsurers have now learned to live in it.
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