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Swiss Re secures market’s first $50m cyber retro ILW for US events
Reinsurance
The cover offers protection against catastrophic US cyber insurance events.   16 January 2024
CCR Re renews reinsurance sidecar 157 Re despite market headwinds
Alternative Risk Transfer
The renewal comes amidst yet another tight retrocession market.   16 January 2024
Guy Carpenter pegs 1.1 property cat rate on line at 5.4%
Reinsurance
European rate gain edged out US pricing to balance prior year moves.   16 January 2024
Technology
A mid-2023 programme to fund client acquisition costs was extended 12M and nearly doubled.   12 January 2024
Insurance
A ‘slightly more competitive’ market could ease rate gains & add to limits.   11 January 2024
Alternative Risk Transfer
Gallagher Securities to create new Paris-based entity close to clients and investors.   10 January 2024
Alternative Risk Transfer
The bond provides multi-year, indemnity reinsurance protection for named storm and earthquakes.   8 January 2024
Reinsurance
AXA XL, Brit, Liberty, Chaucer, Canopius, Everest, Validus and more called to account.   8 January 2024
Reinsurance
Combined with three prior deals, US transferred $1.9bn of NFIP flood risk to private sector.   8 January 2024
Alternative Risk Transfer
Record cat bond year rang through at 1.1, put ‘competitive tension’ in upper layers.   5 January 2024

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