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Darren Lednor will become managing agent, while Mark Pickett will be active underwriter. -
The ratings agency said Brazil’s 12% inflation rate continues to fuel loss costs, but IBNR reserves increased 3% from 2020.
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Florida specialists have continued to cede more premium to reinsurers, topping $7bn in 2021.
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Inver Re said the launch was part of its growing inter-disciplinary approach to reinsurance broking.
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The carrier will focus on writing a limited number of mid-sized EMEA clients in its first year.
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Political violence reinsurance capacity will be a “precious commodity” at 1.1 but differences remain over how much restructuring of specialty composites should occur.
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The CEO said the (re)insurance industry is not doing enough to meet the climate challenge ahead.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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Negotiations may focus on attachment points and the extent of double-loading for inflation.
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Under new CEO Robert Wiest, the company is implementing a new operating model.
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Third-party capital is showing “skepticism” over the market while traditional capital will decline this year.
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Reinsurers are seizing the chance to correct soft-market terms and conditions.
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