Property cat pricing declines 8%, retrocession falls 13.5% at January renewal: Howden

At the January 2025 reinsurance renewals broking group Howden estimates that risk-adjusted pricing for property catastrophe treaty business declined by 8%, while retrocession pricing fell further by 13.5%. The company titles its latest renewals report “Past the Pricing Peak”, saying that a new phase of the market cycle ushers in price reductions and a renewed […]

Silk Road Re cat bond achieves “effective diversification” for Taiping Re: CEO

Silk Road Re Limited, the debut catastrophe bond sponsored recently by Taiping Re and issued out of Hong Kong, has helped the reinsurance company achieve “effective diversification” within its catastrophe risk management, as it looks to pursue a dual-pillar protection approach of retrocession and insurance-linked securities (ILS), its CEO said today. The company also hailed […]

Swiss Re cat bond Index delivers 17.29% total-return in 2024, second-highest ever

The catastrophe bond market delivered the second-highest total-return in its history in 2024, reaching 17.29% for the full-year, according to data from the Swiss Re Cat Bond Performance Indices. While the catastrophe bond market’s performance fell behind the record set in 2023, at 17.29% the full-year 2024 total-return implies very strong performance from catastrophe bond […]

Flood drives 78% of $18.2bn major non-US international cat losses in 2024: CRESTA

The CRESTA organisation, which tracks catastrophe events outside the United States that have generated insurance industry losses of over US $1 billion, has reported the 2024 annual total as reaching US $18.2 billion, of which 78% came from flood events. Aggregate insured losses from non-US catastrophe loss events came in slightly below the long-term average […]

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