Issues
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Low penetration rates, improved building regulations and the location of the epicentres mean that insured losses from Mexico's recent earthquakes are expected to remain relatively low, according to market sources.
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Lloyd's syndicates have emerged as the largest writer of non-life reinsurance in Puerto Rico, analysis from The Insurance Insider has shown.
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Hurricane Maria promises to bring a significant commercial loss that will impact some of the industry's major international players, but the Puerto Rican domestic market is dominated by a cadre of relatively small local carriers that buy a significant amount of reinsurance.
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US wholesale broking giant CRC Insurance Services has cut its panel of London market wholesale intermediaries to a small handful, The Insurance Insider understands.
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Sometimes I think the reinsurance market is like an old prize fighter reduced to being an attraction at a travelling fair.
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AIR Worldwide's $40bn-$85bn insured loss range for Hurricane Maria provides further evidence - as if it were needed - of the capacity of the 2017 hurricane season to surprise.
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As carriers and their reinsurers continue to piece together the claims picture from Harvey and Irma, anecdotal evidence is beginning to point to significant losses emerging from the larger coastal MGAs.
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Early estimates of insured Irma losses in the Caribbean from modelling agencies have met a sceptical response in the London market, with sources unsure about the accuracy of early claims forecasts.
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Reinsurance pricing could still be impacted by Hurricane Irma, even though the market avoided more significant losses after the storm veered away from Miami, according to Leadenhall Capital Partners CEO Luca Albertini.
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Cat bond prices improved at the end of last week as it became clear that Hurricane Irma was not going to be a major threat to the cat bond segment of the insurance-linked securities (ILS) market.
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As this year's hurricane season continued to show strong momentum with Hurricane Irma following shortly after Hurricane Harvey, investors grew increasingly wary of the P&C (re)insurance industry suffering the possibility of three-digit billion dollar losses and reacted accordingly.
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Primary auto carriers, their brokers and reinsurers face a complex round of January renewal discussions after the UK government drafted reforms to the Ogden discount rate.