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The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career. -
The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The executive said claims can be a differentiator in a softening market.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Farnworth will also chair the carrier’s audit committee.
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The data modeling firm said losses previously averaged $132bn annually.
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The ratings agency warned negative PYD on US casualty will likely continue.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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