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However minor an irritant these losses are for global carriers, their impact is likely to have an outsized influence on the narrative heading into the 1 January renewals.
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Prior-year legacy deals and higher reinsurance costs are just some of the issues that brokers, MGAs and other cedants are confronting in clearing up after the debacle over allegations regarding faked letters of credit.
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Beazley and Lancashire’s plans to launch US units exemplify wider competitive challenges that the market must overcome to thrive.
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WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.
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Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
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The fallout from Coutts’ cancellation of Nigel Farage as a client provides useful lessons as companies adopt bolder stances around issues such as social justice and climate change.
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The issues have put a spotlight on partial collateralisation, the leverage of the fronts, and the challenges of assigning responsibility.
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The Corporation has had to navigate challenging trade-offs around its succession planning.
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It didn’t take long after the Validus-RenRe deal for the next possible reinsurance consolidation target to emerge.
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Cancellations of music events due to performers’ mental health conditions is one of the issues, alongside strikes and the energy crisis, which are challenging contingency underwriters.
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The reaction to capital raising this year signals that investor belief in risk-takers is reinvigorated.
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Contrasting views have been shared on the feasibility of carriers deploying risk capital, at scale, for a proposed war insurance pool to support Ukraine's rebuilding projects.