Reinsurance
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Robert Salzmann has been with the Swiss Re insurer for a decade. -
The transaction has received all required regulatory approvals and closed.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Insurance Insider had previously reported the appointment of the two executives.
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The specialty reinsurance space has experienced a recent period of talent churn.
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Overall, syndicates have slightly improved 2022 forecast returns, with 2023 projections closer to stable.
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The loss figure has increased 200% from the initial number provided in October.
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The agency’s outlook for global reinsurance remains at Positive.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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There has been a period of staff displacement in the specialty reinsurance market.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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