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Sources are expecting multi-billion new limit to be placed.
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He was executive managing director in Aon’s wholesale treaty team.
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Insured losses from the Christmas storms reached $968mn.
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The carrier has reported that full limits remain on all insurance cover.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The MS Re CEO said 1 January oversubscription levels on cat were not notable.
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The Australian insurer will have $1.7bn of core XOL cover this year.
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The move followed efficiency considerations and the current state of the Chilean market.
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Its property cat aggregate cover renewed with improved coverage.
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The increase in limit reflects the carrier’s growing exposure.
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Firms issued notice in respect of some commercially reinsured war risks.
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The review followed a methodology change.
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