London’s cat treaty conundrum: Another star falls as US carriers attack hard market
This week has highlighted wildly diverging approaches to the hard cat market, as Blenheim’s exit contrasted with Everest Re’s $1.3bn-$1.5bn capital raise to chase growth in the segment.
On Tuesday, we reported the withdrawal of Blenheim Syndicate 5886 from the property treaty market, with its owner White Bear citing “unprecedented losses” as the reason for the book closure.
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