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A $90mn capital charge relating to the former Ace run-off asbestos book is a bear signal for the wider legacy market. -
The carriers have placed a legally binding cat excess-of-loss reinsurance contract using B3i’s platform.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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The study says a more La Niña-like environment has driven the trend.
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Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
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Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business.
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Wind XoL rate increases are tapering off, while cedants push for commission increases on quake quota-shares.
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The flight from volatility could have the industry poised to enter another phase of structural change.
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The intermediary has also bought a majority share in Ace Re.
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The intermediary’s London Market Appetite Survey also found increased enthusiasm for sustainable energy risks.
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The theme of yesterday’s market briefing is that Lloyd’s is now moving into a period of growth, having completed remediation, but it wants smarter, sustainable growth.
