Retrocession

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.

Retro pricing rose at 1 January 2018. And it rose substantially on those levels 12 months later as the Great Reload gave way to the Great Lockup.

The TigerRisk exec says appetite for casualty cover is on the rise with the market fragile.

In a challenged market, new launches are given low odds of sourcing significant capacity.

Neoguri and the stronger Bualoi look set to pass to the east of Japan.

There is little expectation that reinsurers will be able to push European cat pricing at 1.1.