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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference. -
QBE Europe’s new chief customer officer Andy Besant will report to Cécile Fresneau, managing director for insurance.
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The Fidelis CEO said stochastic modelling was “pretty much meaningless” and failed to consider the impact of climate change.
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The investment bank also said further insurance claims are being prepared.
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“We do need to be careful about exuberance,” the CEO said, warning that complexities such as climate change and social inflation remain.
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The quake caused building damage and downed power lines, leaving at least one person dead.
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The carrier has non-renewed around $800mn of business in the past 18 months.
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Reinsurers with third-party capital platforms said to be well-positioned for a return to growth in alternative capital.
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Incoming capacity to the marine market over the past year has led to an easing in rating momentum.
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The Willis solution is designed to help companies access insurance as they transition to a low-carbon business model.
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The reinsurer was launched as a joint venture with Enstar, Allianz and Hillhouse in 2018.
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The executive spoke candidly about past management issues at the firm and expressed confidence about the long-term health of the business.
