Reinsurance
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The ratings agency noted “significant” underwriting improvement in 2023-24. -
The executive spent a brief period at Wakam in a capital and reinsurance role.
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Sources warned of the erosion of underwriting margins after a string of strong years.
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The London D&F market will shoulder most of the losses.
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The role will focus on international treaty, specialty lines and strategic advisory.
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Eric Paire was head of capital advisory at Aon for nearly seven years.
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The reinsurer pegged the market loss at $40bn.
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He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers.
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Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
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The programme structure was expanded, but it is unclear what percentage was placed.
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