Trading Risk May 2019

Insurers are looking to line up private deals as a stalemate emerges over early firm-order terms averaging risk-adjusted increases of 15-20 percent year on year.

The prospectus released this month made a play to appeal to investors seeking passive investment strategies and to allow Lloyd’s syndicates to attract more follow-form capacity.

Opening up opportunities for different forms of capital is a key part of the Lloyd’s vision for a future of increased efficiency and lower costs.

Issuances from United Insurance Holdings, American Integrity Insurance Company and Safepoint have all reflected an uptick in pricing compared with prior-year benchmarks.

The memo acknowledged that the approach would be preferable, but also unrealistic for some funds.

The fair value of AP3's ILS portfolio rose by 10.7 percent to $560mn at year end in 2018.

AlphaCat’s $4.16bn net AuM was detailed in a recent Securities and Exchange Commission filing.

Convex will also seek to tackle the cost of expenses plaguing most carriers across the industry by outsourcing non-underwriting functions “horizontally” with a single partner.

The start-up went live in May with the name McGill & Partners.

With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.

The main point of concern has been over lawyers' ability to find new ways around the clampdown on the AOB regime that has led more claims to court.

In April, TSR reiterated its early prediction that North Atlantic hurricane activity will be slightly below the long-term norm.

The Prudential Regulation Authority is committed to ensuring the UK offers an ILS regime which allows the market to develop, says Gareth Truran, head of London market supervision

Carriers that wrote more premium include Swiss Re, Munich Re, RenaissanceRe and Everest Re, while Hiscox Re and Axis posted reductions in top line income.

Markel Corporation has appointed AIG’s head of retail property in North America Guenter Kryszon as underwriting officer for global property, a position that includes partnering with Nephila.