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

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Cat treaty rates disappoint but returns remain attractive

  • Adam McNestrie 9 January 2018
  • Property catastrophe reinsurance renewal pricing came in below the levels hoped for by reinsurers, as the relative attractiveness of the class for traditional players and the efficiency of the insurance-linked securities (ILS) funds in reloading dampened post-loss rate rises.

    In its early stages the renewal was characterised by significant quoted rate increases from lead reinsurers, which had seen multiple quarters of earnings wiped out by a succession of catastrophe losses.

    And early loss-hit renewals showed a 25 percent rate rise...

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