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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market. -
The deal marks the latest step in Catalina’s shift from P&C to life run-off.
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The ILS manager has $5bn in assets and will be led by MariaGiovanna Guatteri.
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The combined casualty treaty team has also made a number of hires.
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The sidecar will support five programs providing specialty frequency coverages.
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Reinsurer executives stressed that the industry worked hard on setting the right structure.
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The business said it was experiencing strong momentum on the Island.
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The practice group will enhance the company’s existing offerings in E&S.
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Losses were primarily driven by personal property lines.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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The new recruit will report to group CUO Ian Houston.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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