Retrocession

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.

Greater participation of cat bond investors in the retro market has some advantages alongside the risks.

The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market.

Retro renewals have made major progress in early January, but programme gaps remain at some levels, with reinsurers left carrying more risk net.

Negotiations were dragged out by decisions being referred for sign-off at senior levels.

CyberCube also forecast that fresh capital will start to flow into the cyber insurance market next year.

Panel turnover could be on the rise, as retro change may have a knock-on impact

The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.

A rampaging cat bond market should lead more cedants to consider its long-term advantages.

Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.

The start-up's new hire was a founding member of the leadership team at Fosun-owned Peak Re.