GLRE - As Reinsurers Hold Ground On Rates Insurers May Turn To ILS: A.M. Best
As reinsurance companies of the world hold their ground and push through increased rates for their products, as seen at recent renewals in Florida and beyond, insurers and protection buyers may increasingly look to find more cost-effective options raising interest in ILS, according to A.M. Best.
Reinsurance capacity providers, including insurance-linked securities (ILS) funds, are seen to have been "holding their ground with higher pricing for Florida" the rating agency explains in a new report.
As markets have differentiated cedant pricing, based on performance and loss experience, while rates were seen to rise 15% to