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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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Selling investor Zimmer said the deal was concluded at a premium to book value, but no numbers were disclosed.
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Prices are surging as a result of heightened risk but coverage remains readily available for shipowners.
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Traditional InsurTech offerings for the UK mid-market "often fall short", according to Cowbell UK’s Simon Hughes.
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The 11th hour settlement came just days before the case was scheduled to be heard by the New Jersey Supreme Court.
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Salvatore Sama has been named global product head for casualty, while Jane Farren has been named global head of financial professional lines.
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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.
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Gareth Wharton announced his exit after nearly 18 years with the company in a post on LinkedIn.
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In the second part of our themes for 2024 outlook, we explore how fear of missing out in cat reinsurance is still contrasting with an upstreaming of risk that is creating fallout for primary insurers, while momentum in facilitisation and ESG continues.
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The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
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In its Plane Talking report, the broker notes a “distinct differentiation” between the hull and liability and the hull war/third-party liability markets in 2023.
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Reinsurers are looking to grow in top-layer cat risk, resulting in “variable” outcomes on sign-downs.