Operations/tech
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Reinsurers achieved limited price increases in the late and complex renewals. -
Key themes included new capacity, a more buoyant retro market than expected, drawn-out amendments to exclusionary wordings, and quota share demand.
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Loss-free accounts are repricing by high single digits but the real battle is over terms.
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Major consolidation laid the ground for current new launches, the Conduit chairman suggested.
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The carrier said there were plans to grow the team further and its US and non-US sides would be merged.
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The broker said that it expects double-digit growth for most property syndicates for 2021.
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AmWins also highlighted the continued availability of “cheap” excess capacity from London cyber MGAs.
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Manuel Almenara worked at Willis Re Latin America and Caribbean for 21 years until 2015 before moving to InsurTech Hello Zum.
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The Catlin and Brand-led carrier is working on a fully regulated long-term solution to be introduced during 2021.
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The partnership will roll out over the next 12 months and will write a range of admitted property and casualty lines.
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Guardrisk argued that its policy did not respond to a general government response to the pandemic.
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Areas of significant hardening include property, casualty, US financial institutions, D&O, US EPL and aviation.
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