industry loss warranties

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ILW prices rise for Florida wind triggers as renewal approaches

Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals.In 2019 there has been a scarcity of capacity for certain read the full article →

Miller completes acquisition of ILW broker Alston Gayler (AG)

Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW), has completed its acquisition of Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG).Alston Gayler has a recognised ILW broking practice specialty and experience broking to collateralised reinsurance markets as a result and read the full article →

ILW pricing stays relatively flat since recent catastrophe losses

Pricing for industry-loss warranty (ILW) backed retrocessional reinsurance protection has not shifted significantly since the aggregation of recent catastrophe loss events, with brokers still pitching capacity at the same rates as prior to the wildfires, sources have told us.Since the California wildfires are now assumed to be a $15 billion read the full article →

ILW triggers on watch for typhoon Jebi, hurricane Michael & wildfire losses

The industry loss warranty (ILW) market is waiting nervously for confirmed estimates of industry losses to emerge for a number of recent catastrophe events around the globe, with certain trigger points on-watch and further ILW losses possible in the coming weeks.The ILW market, which largely provides retrocessional forms of reinsurance read the full article →

ILW broker Alston Gayler (AG) to be acquired by Miller

Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG), which has a recognised ILW broking practice, is to be acquired by fellow broker Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW).Alston Gayler (AG) is well-known as a broker in the insurance-linked read the full article →

ILW volumes rise in 2018, price softens despite capacity shortages: Aon Securities

Industry loss warranty (ILW) trading volumes have risen in 2018 so far, with protection buyers showing renewed interest in the industry loss trigger based product, but while volumes rose Aon Securities has also noted that, despite capacity shortages at times, ILW prices are tending to soften.Year over year capacity has read the full article →

ILW prices fall for Florida wind, despite Irma loss creep

Industry loss warranty (ILW) pricing for Florida wind contracts and all natural perils has fallen in recent weeks, despite the fact that further ILW losses are expected after recent updates to insurance and reinsurance industry loss estimates for hurricane Irma.It's a further sign that pricing in general for property catastrophe read the full article →

Irma loss creep hits Lloyd’s syndicates & Floridian insurers

The creeping insurance and reinsurance industry-wide loss from last year's hurricane Irma continues to impact the industry, with new loss creep estimates emerging from segments of the market that were most affected, now including Lloyd's of London syndicates and the leading Floridian primary insurers.As the industry impact of hurricane Irma read the full article →

More ILW’s to pay out on latest hurricane Irma industry loss increase

A number of industry-loss warranty (ILW) contracts providing retrocessional reinsurance are set to pay out after the latest updates to third-party data providers estimates of insurance industry losses caused by last year's hurricane Irma.At the beginning of July the industry loss estimate for hurricane Irma passed another key ILW trigger read the full article →

Industry exposure database for Canada launched, first ILW transacted

The first insurance industry exposure database for Canada has been launched by Catastrophe Indices & Quantification Inc. (CatIQ) in partnership with PERILS AG and the first industry-loss warranty (ILW) transaction has been completed on the back of this development.At the moment, the industry exposure database contains year-end estimates for 2016 read the full article →