October 2017/1
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Pool Re has rejigged its reinsurance offer for its members to help close a protection gap for political violence cover among small and medium-sized enterprises
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Uncertainty over the cost of hurricanes Irma and Maria has put the brakes on the recovery of the secondary cat bond market, which had initially rebounded.
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(Re)insurance stocks climbed by 3.8 percent in the third quarter to hint at investor confidence in carrier balance sheets, despite an onslaught of natural catastrophes that threaten to wipe out the year's reinsurance premium intake.
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Downstream energy losses this year were approaching $2.85bn even before the recent run of Atlantic hurricanes, according to the latest energy report from JLT Specialty.
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As insurers and their reinsurers continue the challenging task of assessing HIM exposures, there is anecdotal evidence that US property underwriters are beginning to demand rate increases at renewal.
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Alex Jomaa of CFC Underwriting has been voted the top cyber underwriter in the London market for the second year running, according to The Insurance Insider's 2017 cyber rankings survey
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Markel Catco has said recent catastrophe events mean its 2017 annual return could fall anywhere between up 5 percent to down by as much as 15 percent.
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Cyber has taken the prime spot as the most important emerging risk for underwriters, according to an International Underwriting Association (IUA) poll of its members
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A QBE spokesperson confirmed that 2017 catastrophe losses are expected to exhaust its $900mn aggregate reinsurance programme, which is understood to be written by Berkshire Hathaway.
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