Speaking today at a briefing held in Monte Carlo at the Rendez-vous event, Fitch Ratings analysts said the expectation is that property catastrophe reinsurance rates will keep softening and attachments may decline somewhat, but through this they anticipate discipline from the ILS investor base.
The Fitch Ratings analysts are anticipating the property catastrophe reinsurance market dynamics we see today will persist unless there is a major market turning loss event.
Capital build-up is expected to persist too, with alternative investors showing growing interest in supporting catastrophe bonds, reinsurance structures such as sidecars and other insurance-linked securities (ILS) opportunities.
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