The ILS & Reinsurance Desk 8 stories this week · 85 total

The Office of the Insurance Commissioner figure is an industry-wide aggregate for the three fires that converged on Spokane in August.

The study draws on 1,510 radar analyses over 28 hurricane seasons and finds aligned storms looked different about a day ahead.

The Barings-backed Bermudian carrier has delayed underwriting while it seeks nationwide excess and surplus licenses.

Forecasters say both Pacific basins are four storms ahead of normal, with Mexico's catastrophe bond now hinging on Polo's coastal track.

Bermuda's long-term reinsurers manage $1.52 trillion and count the United States for 82 per cent of ceded business, Japan for 11 — and the rulebooks in Tokyo and at the NAIC will decide which number grows.

A record $785 billion in reinsurer capital and a record cat bond year have made the top of the tower cheaper while the 84% of US earthquake exposure that carries no coverage at all remains untouched.

Reinsurers expect to sell property cat for less in January, and the survey's own numbers show they expect to sell it with less protection.

The capital-markets pool is 280 times the property-casualty one; the scarce resource is a parametric trigger cedents will actually hold.

Bermuda's $220 billion of disaster exposure gives the Marsh-WEF playbook a specific address, and the report's own data caveat points to parametric cover as the practical route.

Nine Class E licences inside a 46-registration year point to life and annuity risk; the fourth-quarter watch is whether collateralised and special-purpose filings return.

Polo's 892-millibar reading has already cleared the bond's pressure test; the coastal track decides whether $175 million moves from ILS investors to Mexico's treasury.

A pre-loss emergency declaration gives reinsurers a named geography and a forecast, with no reported damage yet to price against.

A Good rating puts a new name in front of cedents; what it writes at is the number that decides whether this cycle's discipline holds.

The strongest El Niño on the books arrives as a January terms problem, with Atlantic wind capacity still ample and the argument moving to sublimits.

A single Miami or Tampa Bay landfall would test Bermuda's reinsurance and ILS capital against a loss the capital markets cannot absorb alone.

A 30-year treaty veteran from Volante gives the data-first cyber specialist market credibility, but liability is where its underwriting edge has the least room to show.

Marsh Re's structured solutions head sees demand rising on both sides of the book, the pattern cedents adopt when they expect conventional pricing to keep improving.

Von der Leyen's alliance picks group and parametric cover, pointing first at public pools and second at the capital markets Bermuda already supplies.

Swiss Re Institute's $300 billion Florida scenario lands on a market that just cut property cat rates 15% to 20%.

A modest Canadian wildfire total says more about where January's repricing will be fought than about any catastrophe bond trigger.

Twenty US locations hold about 80 percent of storm-damaged data-center floor space, and the next wave of construction is moving deeper into the same hail and tornado belt.

Definitions decide whether the next cyber catastrophe is a claim, which puts the specialty-line discipline test inside the wording.

At 7% of normal activity with its peak still ahead, the basin leaves cat bonds and collateralized reinsurance holding an untested position, not a clean year.

With property-cat pricing softening, the discipline test now runs through specialty lines — and Conduit's retreat up the tower is the tell.

Convex runs a fifth of its business through MGAs and MGUs and says it would write more — the ceiling is administrative, not appetite.

A loss that settles inside retentions leaves the capital markets alone and hands primary carriers one more exhibit for the January attachment argument.

A single-firm insured loss estimate sits below the level that moves cat capital, leaving the wind-flood boundary as the thing to watch.

The NAIC's jurisdiction-risk charge, once drafted, will put a price on the Cayman gap Fitch currently describes only as a transparency problem.

BCG's call for underwriting discipline lands on a sector whose returns now depend more on its fixed-income book than on the risk it underwrites.

Three placements through one Bermuda vehicle in three months make Gallagher Re's case that the cat bond market's binding constraint has moved from investor appetite to the cost of getting a deal done.

With capacity outrunning demand, reinsurers are expected to give up attachment points and coverage. Casualty sidecars will test whether the discipline of the hard market survives.

Existing Mereo shareholders and Cedar Trace ILS investors are expected to back the 2027 syndicate, making the launch a test of whether affiliated capital underwrites like balance-sheet money.

As Rendez-Vous approaches, the reinsurer is pointing to a 5%-7% long-term loss trend and a $320 billion tail scenario to argue that January renewals should be priced on risk, not on the last two quiet years.

Gallagher Re sizes the Sept. 2 event at hundreds of millions of dollars — small enough to leave ILS capital unmoved and local enough to sharpen Canadian renewal conversations.

Ceded U.S. health premium has more than tripled since 2016; the harder question is what contract terms the growth was built on.

The £200m structured adverse development cover is built around annual repricing, which makes the first renewal the real underwriting event.