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The LatAm telecoms company buys a sizeable protection triggered by windspeeds. -
The platform has signed up brokers such as Miller and Gallagher and carriers such as Beazley and Atrium ahead of its market launch.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
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Property cat and casualty pricing remain steady following chaotic 2023 renewal, with global cat rates rising 3%.
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This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
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The professional risks portfolio is underpinned with Bridgehaven capacity.
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As risks continue to become more interconnected, (re)insurers face increased pressure to manage aggregation.
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Charlotte Macey started her career at CNA Hardy in 2008 and was most recently class manager for property D&F.
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The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.
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The syndicate exited the class in 2021 at a time when the Lloyd’s market was in the thick of its performance drive and Decile 10 exercise.
