In the wake of hurricane Ian, the industry loss warranty (ILW) market faces its share of losses, which, alongside broader issues impacting reinsurance and retrocession capital availability, means ILW rates-on-line are now heading for all time highs, according to our sources.
We’ve now updated our industry-loss warranty (ILW) pricing data set using insights gathered from a range of market sources and projected out into the first-quarter of 2023 what the potential rates-on-line (RoL’s) could be for certain fixed industry-loss attachment points.
The ILW market remains a relatively opaque segment of the reinsurance and retrocession marketplace, so there is a lack of transparency over the possible losses this market segment faces due to hurricane Ian.
FULL ORIGINAL PUBLICATION HERE
