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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit. -
The post-disaster reinsurance start-up model is changing.
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Excess capacity will sustain softer rates, as organic growth challenges lead to more M&A chatter.
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Reinsurance CEO Wakefield said reinsurance structures may evolve for prolonged growth.
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Agency reactions ranged from Fitch revising down its sector outlook to AM Best keeping a positive outlook.
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Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
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The CEO said the AHJ acquisition brought a ‘step change’ to Miller’s reinsurance growth.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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Rates will remain elevated in a period of structurally higher risk premia.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
