Confused by all the renewal notices at the start of the year? Many employers in Retro programs mistakenly believe that renewing their association membership locks them into their current Retro group. Let’s clear that up—and show you how this misunderstanding could cost you. Association Membership Renewals ExplainedRenewing … Read more
According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more
An easing of conditions in the retrocession market has helped to bolster capacity in advance of the January 1st 2025 reinsurance renewals, resulting in a situation where capital was more than adequate to meet growing client demand, broker Aon has said today.Overall, reinsurance capital providers showed greater flexibility to buyers after a second year in … Read more
We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection.Yesterday, we reported that Taiping Re … Read more
Given where the retrocession market is positioned and the fact retro strategies are now less exposed to lower industry-loss level events, we could see more capital coming to support that segment, but Gregory Roberts, CUO of Conduit Re does not expect capital providers risk appetites to change.Speaking during a media call today, after Bermuda-based reinsurance … Read more