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Sources pointed to increased pressure to lift minimum rates on line above 2.5% on upper layers of wind programmes. -
S&P published its first consultation on proposed changes to its risk-based capital adequacy methodology in December 2021.
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Large visiting contingents from Florida to the Bermuda Risk Summit highlighted ongoing concerns around cat capacity availability.
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The MGA’s international platform hopes to bring in MGA underwriters looking for US expansion.
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The executive didn’t provide a target for the number of investments it expects to keep, but said SiriusPoint will not be an active acquirer in the near term.
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Global P&C insurers must reassert their relevance by reducing cat-related protection gaps rather than retreat from nat cat risk, McKinsey said.
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The carrier has exceeded its H1 natural hazard allowance of A$580mn.
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Slowing primary pricing, the looming threat of inflation and increased cat retentions were key themes from this reporting round.
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Annual reviews of natural disaster activity highlighted drought – which can also heighten risk of fire and flood losses – as an increasingly important secondary peril.
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Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
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The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.
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The association has also set its one-in-100 PML at $4.45bn for the year.
