Trading Risk May 2019
Published: 17/05/2019
Florida: will 15-20% rate increases pass muster?
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.
Is Lloyd’s the new ILS horizon?
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.
Lloyd’s future blueprint suggests appeal to tracker fund ...
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.
Even if Markel wanted to revamp the Catco offering, so ma...
Cat bond pricing rises as capacity falls
Issuances from United Insurance Holdings, American Integrity Insurance Company and Safepoint have all reflected an uptick in pricing compared with prior-year benchmarks.
SBAI ILS valuations memo suggests more segregation
The memo acknowledged that the approach would be preferable, but also unrealistic for some funds.
Swedish pensions increase ILS holdings in 2018
The fair value of AP3's ILS portfolio rose by 10.7 percent to $560mn at year end in 2018.
AlphaCat AuM uplift adds to traffic jam of $4bn ILS manag...
AlphaCat’s $4.16bn net AuM was detailed in a recent Securities and Exchange Commission filing.
Catlin start-up (re)insurer seeks to reduce operating costs
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.
McGill and RSG start-ups unveiled
The start-up went live in May with the name McGill & Partners.
Florida reinsurance market share reshuffles post-Irma
With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.
Insurers welcome Florida legal changes but hold fire on p...
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.
Forecasters predict slightly below-average hurricane season
In April, TSR reiterated its early prediction that North Atlantic hurricane activity will be slightly below the long-term norm.
The Trading Floor Interview: Gareth Truran
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
Reinsurers split on growth in Q1
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.
Trading Places May 2019
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.