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The $15bn-$20bn wildfire losses have caused the ILS-dominated retro market to seize up. -
Mt Logan will not be the only reinsurer vehicle impacted by Stone Ridge’s retractions, but has emerged as the first such example.
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The Californian earthquake bond priced at the upper end of guidance.
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A lot has changed since InsurTech first barged into the collective (re)insurance vocabulary back in the heady days of 2016.
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The French parent lifts its synergies target from the XL purchase by $100mn.
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Secondary market pricing indications show that investors are expecting another $227mn of losses
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Grace Hanson will join the company as his successor.
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The storms will reduce the net asset value of securities in the Catco Reinsurance Opportunities Fund by as much as 9.8 percent.
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This ain’t nothing like a hard market, but that is very much a good thing for everyone.
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Aggregate loss activity will trap retro capital for a second year running, as disappointing returns set up expectations for reduced capacity.
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The California State Compensation Insurance Fund returned to the cat bond market as USAA’s ResRe multi-peril deal raised $200mn.
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In London last week, I heard Lloyd’s chairman Bruce Carnegie-Brown give a talk detailing some of the challenges facing the Lime Street market – a particularly pertinent topic given the trials and tribulations experienced by some syndicates in recent months in getting their 2019 business plans signed off.
