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Buyers are demanding more consistency on wordings and improved terms in renewal conversations. -
In 2023, the market’s reinsurance premiums grew by 12.8%, driven by material growth in property and specialty lines.
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A roundup of all the news you need today, including IAG’s interest in launching a Lloyd’s syndicate.
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The business is aiming to launch at 1 January, focusing on non-cat delegated authority business.
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A start-up would mark a return to Lloyd’s for the Australian carrier after a chequered past on Lime Street.
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Anthony Mirabal will work closely with Juan Carlos Gomez, who will become president for the region.
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Storm-like conditions caused by heat have led to “very erratic behaviour” on the so-called Line Fire.
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The brokers called on the industry to “catalyse” the country’ growth by removing blanket exclusions.
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Some Canadian cedants have approached the market for top-up cover.
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Italy is seeking to address an insurance protection gap that is much higher than in other European countries.
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London reinsurance sources said the pool has done very little to improve the attractiveness of Australian cat business.
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The UK subsidiary of Carrick will acquire BMS International Insurance DAC and Seamair Insurance DAC.
