Supplements

The past two years challenged the catastrophe (re)insurance market more than any period since the Hurricane Katrina era in 2004-2005 – but it is far from clear what the outcome will be this time around.

What’s in a promise to pay? That was one of the questions that was circulating at this year’s Monte Carlo Rendez-Vous.

The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.

Ten years ago, amid the turmoil of the global financial market crisis, the first Trading Risk awards ceremony was held.

It was a rough 2017 for investors in ILS, as hurricanes Harvey, Irma and Maria swept through the Atlantic. But 2018 has offered some uplift to yields from the sector.

For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds.

For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds as the storm battered Florida on the Sunday evening of the Rendez-Vous.

Florida is truly the reinsurance market's risk hothouse.