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The market has broadened its risk appetite and infrastructure over the years. -
The reinsurer said the LA wildfires would have a “dampening effect” on mid-year renewals.
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The carrier booked EUR800mn in LA losses in the P&C segment.
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The reinsurer's group operating income fell by 14% to EUR480.5mn.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The firm expects to replace the volume with Innovations-channel business.
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The (re)insurer used alternative capital in the reinsurance coverage.
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Hamilton also expects rising demand and stable supply for 1 June renewals.
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In Partnership With MarkelAs AI and data analytics reshape the insurance industry, Brendan Hanley, managing director of binding P&C at Markel, explains how these tools can offer real efficiency gains.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago.
