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A hurricane watch is now in effect for the Louisiana coastline. -
The carrier said European cat business needs further price improvement.
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Some Canadian cedants have approached the market for top-up cover.
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CEO Thierry Léger claims the “insurability” of global risk is becoming “challenged”.
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Reinsurers are high on their ‘redemption arc’. The question is – how long will it last?
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The US carrier abandoned the project due to high price expectations.
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In its first six weeks, Taurus has brokered more than £100mn of UK real estate.
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Severe thunderstorms, mainly in the US, accounted for 70% of insured losses globally.
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Everest Re bucked a more general trend to keep cat exposure stable.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The underwriter moves to the position from his current role leading property D&F.
