Retrocession

A shift towards rated paper and occurrence structures helped the market clear with some deals remaining outstanding.

The broker highlights increasingly discerning reinsurers pushing for rate.

The broader retro market is renewing up by 10-30 percent depending on loss experience and structure.

A shift back to rated and occurrence structures is occurring as aggregate terms were heavily revised.

The main disrupted segments are still aggregate retro and sidecar vehicles.

For the most part, aggregate retro covers got hammered in 2017-2018 – but what isn’t as often discussed as these headline losses is the fact that one pocket of such capacity actually got away largely intact.

The Paris-based carrier has a history of using innovative capital tools to manage risks to the company’s balance sheet.

The reinsurance market is something of a conundrum as we begin the run-in to 1 January.

There was a lot to unpack in Swiss Re’s investor day update, which focused on its plans to continue recapturing market share in the natural catastrophe business.

The executive said a lockup in retro capacity, linked to Japanese typhoons, will further encourage reinsurers to raise rates.

“Trapital” is once again throwing out renewal schedules in the ILS market after recent typhoon losses have complicated the run-up to 1 January.

The former RenRe and Aeolus executive had been in talks with Warburg Pincus over a new retro fund platform.