Financial

ILS capacity tightening to influence June renewals: A.M. Best

An expected tightening of third-party reinsurance capital from insurance-linked securities (ILS) funds and structures is likely to influence pricing at the upcoming mid-year reinsurance renewals, according to A.M. Best. The rating agency explained that while the reinsurance market is adapting to operating under Covid-19 coronavirus pandemic conditions, the fact ILS capacity may become a little…

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Hurricane forecasts for 2020 point to above average season

Hurricane forecasts for the 2020 Atlantic hurricane season so far point to an above average year of activity ahead, with the early forecasts suggesting meteorological similarities with some particularly active historical seasons. The insurance, reinsurance and insurance-linked securities (ILS) market always watches the tropics with trepidation, given the potential for significant catastrophe losses should any…

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Premiums ceded to Mt. Logan Re outpaced losses in 2019 for Everest Re

Global insurance and reinsurance group Everest Re ceded more premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in 2019 than losses, the first year since 2016 when catastrophe impacts have been far outpaced by premium growth. While 2019 saw its fair share of major global catastrophe loss events that hit the reinsurance…

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