Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
Cat treaty rates disappoint but returns remain attractive
- 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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