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Scor postpones Atlas cat bond amid Covid-19 disruption

Scor said it was eager to start marketing the transaction again within the next month when market conditions improve.

Pre-Covid-19 mortality risks generally provided low single-digit returns, but significant repricing is underway.

Sources have warned that the cat bond sell-off could restrict capacity in the upcoming Florida renewals.

The bill is similar to legislation that was proposed in New Jersey earlier this month and then pulled out of consideration.

Social inflation is not just a Florida issue – it's also top of mind in the casualty market.

New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.

Reinsurers pegged 2019 nat cat losses 23 percent lower than the 10-year average, but prior-year disasters created headlines.

Intermediaries called the renewal “asymmetric” and “divergent” as rates began to move up after a pressured few years.

Climate change and ILS strategies: reshaping the market's response

Reconstruction in the ILS market continues, with ongoing concerns about investor sentiment, capacity growth and the impact of retro rates