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A California ruling could set an important precedent as other courts consider similar cases. -
Churn is expected to return to the market in 2025 as scrapping of older fleet accelerates.
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This puts the total cumulative cash proceeds received at $319mn.
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The IG said this year had been “more difficult” for the group’s reinsurance partners.
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The reduction in capacity reflects “strategic adjustments”.
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Swiss Re has retreated from its “escalation clause” for the Middle East.
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David Hughes has a line size of A$10mn with a global mandate.
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Rates are turning negative, and the balance of power is shifting towards the brokers.
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