Reinsurance
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Andy Taylor spent more than 25 years with the company. -
The agency cited the group’s increased earnings diversification and improved resilience.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
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The executive has worked in a variety of senior underwriting roles at the reinsurer.
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The executive spent 43 years with WTW before joining Gallagher through the Willis Re sale.
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Miller said the purchase would be its most significant since returning to independence in 2021.
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The broker added reinsurers remain cautious on US casualty risk.
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The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
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Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
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Capacity will be available to 11 open-market lines of business.
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Non-proportional business accounted for 34% of its total.
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