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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr. -
Panellists at Insurance Insider’s LMC also noted a lack of C-suite engagement in renewables.
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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The 2024 event saw 80 speakers address an audience of over 350.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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Insurers should reform underlying data before using AI, according to experts.
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Panellists said the industry must work collectively to grow the London market pie profitably.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
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