Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Tight ILS pricing strains Florida renewal

  • Fiona Robertson 17 April 2018
  • Tumbling cat bond prices continue to exert pressure on the wider reinsurance market and are likely to curb rate increases at the upcoming Florida renewal.

    With a clear picture on mid-year rates yet to emerge, some of the insurance-linked securities (ILS) benchmarks set amid a muted April renewal will raise questions over how much of a pricing reaction to Hurricane Irma losses may be achievable.

    On the other hand, underwriters are pointing to jitters over whether Irma losses will track...

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