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Mathieu Loisel joins the reinsurance broker from New Re. -
Nick Hawke is coming out of retirement to take on the position.
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Plus, the latest people moves and all the top news of the week.
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
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This will be the most expensive fire in the state’s history, it said.
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McGill was recently included in Warburg Pincus’s multi-asset continuation vehicle.
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A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Robin Hamilton has been appointed head of energy and marine liability.
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Market softening means exploiting hardening niches is the name of the game.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
