Retrocession news

The insurance-linked securities (ILS) market continues to evolve in the wake of the major catastrophe losses of recent years and one of the most important and ongoing developments is the quest to front cedents as efficiently as possible, A.M. Best explains in a new report.

While reinsurance rates have improved in the last year and are expected to improve further through 2020, the chances of a return to the “glory days of a robust non-life pricing environment” are seen as slim by rating agency A.M. Best.

There is a a likelihood that the renewals of Japanese reinsurance programs at April 1st 2020 continue to see the insurance-linked securities (ILS) market playing a relatively minor role, with share increases harder to come by, but at Florida’s reinsurance renewals at June 1st there could be a chance for ILS players to expand their […]

Catastrophe bond and insurance-linked securities (ILS) issuance is on course to break all records in the first-quarter of 2020, with a huge $3.93 billion of catastrophe risk-focused deals helping overall cat bond and related ILS issuance exceed $5 billion for the first time, according to Artemis’ data.

Reinsurance renewals are expected to see significant increases in pricing in both April and June, but the biggest increases are expected to be in Japan, while Florida is likely to rise more than in recent years, but still at a slower pace.

Insurance and reinsurance market losses from the Chilean riots that took place in 2019 are continuing to rise and the magnitude of the industry loss, as well as the fact their size and location has been relatively unexpected in some quarters, means reinsurers are likely to be looking for hedging solutions, Property Claim Services (PCS) […]

UK government backed mutual terrorism reinsurance firm Pool Re has secured its largest retrocession program yet, buying a UK £2.4 billion (US $3 billion plus) aggregate excess of loss tower from private markets.

Property Claim Services (PCS) will now provide industry loss data aggregation and index reporting for the entire Americas, from Canada to Argentina, with the launch of a Latin America service in response to client demand.

The Japanese industry-loss warranty (ILW) market is recovering and set for growth, helped by the availability of PCS’ product in the region which is seeing increasing uptake.

France headquartered global reinsurance firm SCOR delivered a profit from its property and casualty underwriting business in 2019 despite higher than budgeted catastrophe losses and an overall loss ratio that came out higher than the prior year.