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The program manager and legacy transactions company forges an alliance with Kitsune.
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News of the bid interest comes as Swiss Re prepares the $4.5bn business for an IPO.
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UPC said the coverages and terms within the quota share remain unchanged.
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The California utility faces lawsuits from Allstate, State Farm and USAA, among others. -
The Australian carrier now has A$9bn of catastrophe reinsurance limit for 2019.
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The risk modeller has issued a fourth and final estimate a year after the storm.
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However, sources noted there are positive signs in casualty and marine reinsurance pricing.
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Clean property catastrophe treaty rates in the US and Europe have swung modestly either side of flat on renewal.
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The firm recorded a slight aggregate pricing decrease for property cat reinsurance, despite losses affecting negotiations.
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The state-backed flood insurance scheme re-opens for new business after Fema called a halt on 26 December.
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The second legacy transaction for the AmTrust quota share book is still pending approval.
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Insurance trade associations slam the decision, which they said ran counter to the wishes of the President and Congress.
