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Reinsurers are reflecting on what has been a disappointing renewal season, with most business showing only modest rate increases for clients without losses.
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Barbican is setting up a Bermuda platform initially focused on US-domiciled property direct and facultative (D&F) business that will be led by former Novae underwriter Nik Lucking, The Insurance Insider can reveal
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Pfizer's $450mn loss notification, as we revealed yesterday, is another piece added to the vast and complex Puerto Rico loss puzzle following the devastation of Hurricane Maria
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Pharmaceutical giant Pfizer has notified its property insurers of a $450mn loss from damage to its Puerto Rico operations following Hurricane Maria, The Insurance Insider understands
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This past week I have been talking to people in the property direct and facultative (D&F) market on their feel for upcoming renewals
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Ascot executive underwriter for property and head of direct and facultative (D&F) Theo Butt has left the company, The Insurance Insider understands.
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Brokers and carriers have described the property direct and facultative (D&F) market as "schizophrenic" as parties struggle to find common ground on rate increases for 1 January.
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US nationwide carriers recorded the largest net exposures to losses from the wildfires that struck California in October relative to the P&C industry's other peer groups.
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Allianz is understood to be the lead insurer for a potential £32.0mn ($43.1mn) claim following the collapse of the world's longest aircraft.
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The Puerto Rico Electric Power Authority (Prepa) has notified its property insurers of a loss of at least $300mn as a result of Hurricane Maria, The Insurance Insider has learned
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Liberty Specialty Markets (LSM) has appointed Jennie Beard to the new role of senior underwriter for war and terrorism, reporting to the unit's underwriting manager Paul Beattie in the firm's London office.
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After years of malaise, the (re)insurance market may finally be facing a sea change following heavy third quarter catastrophe losses, as underwriting executives scramble to talk up rates.