Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Tight ILS pricing strains Florida renewal
- 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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