Tremor’s ILW auctions see $100m of capacity a week, spreads narrowing

Tremor’s weekly auctions of industry loss warranties (ILW’s) are gaining traction, with around $100 million of capacity available every week and spreads now narrowing fast as the reinsurance and retrocession markets harden. Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has made available some unique data insights into its marketplace for industry loss…

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Reinsurers cite 25% – 45% Florida increases, as U-shape disappears: KBW

Reinsurance companies and brokers in Bermuda are calling for Florida renewal rate increases to be significant, averaging between 25% to 45% and also believe that they will be enduring, so perhaps set a new floor for catastrophe reinsurance pricing in the state. Analysts at KBW held meetings with Bermuda-based reinsurers and brokers yesterday and the…

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