Munich Re
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The reinsurer says it is in discussion with clients and industry trade bodies on the issue.
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The product will initially be available in the US, with scope to expand internationally at a later date. -
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The carrier is “very optimistic” on Japanese and US renewals this year, and outlined plans for growth in various lines and regions.
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Hannover Re and Fidelis provided significant capacity on the Munich Re-led programme.
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The venture plans to target auto cover before using M&A to expand into other lines.
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The carrier revealed 10.9% premium volume growth at 1.1.
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The move is a response to US sanctions which previously brought construction on the Russia to Europe project to a halt.
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The move is a response to US sanctions which previously brought construction on the Russia to Europe project to a halt.
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Michael Yeats will oversee the carrier’s reinsurance offices in Bogota, Buenos Aires, Miami and Sao Paulo.
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The reinsurer has around a 20% line on the broadcaster’s policy, with Willis Towers Watson acting as the broker.
