Reinsurance
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr. -
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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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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Growth vs discipline, smart follow and M&A mean 2025 will be a mixed bag for London.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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The flat renewal follows a tripling of RoL on the programme last year.
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The UK and Ireland have also seen “increased activity”, with four deals announced.
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The outgoing CEO will leave the company at the end of March 2025.
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