Retro
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Kevin O’Donnell also said 1.5-point rises in ceding commissions for long-tail line treaties were an “acceptable” increase in acquisition costs, given improved underlying profitability. -
Plus the latest executives on the move and all the top news of the week.
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Greater participation of cat bond investors in the retro market has some advantages alongside the risks.
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The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market.
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Retro renewals have made major progress in early January, but programme gaps remain at some levels, with reinsurers left carrying more risk net.
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Negotiations were dragged out by decisions being referred for sign-off at senior levels.
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CyberCube also forecast that fresh capital will start to flow into the cyber insurance market next year.
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Panel turnover could be on the rise, as retro change may have a knock-on impact
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The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.
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A rampaging cat bond market should lead more cedants to consider its long-term advantages.
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Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.
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The start-up's new hire was a founding member of the leadership team at Fosun-owned Peak Re.
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