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Up to nine million acres of US land are considered likely to burn. -
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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Eckert said the reinsurance market is still at historically well priced levels.
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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The change reflects the company’s growing profile within the MS&AD group.
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It previously predicted activity slightly below the 1995-2024 average.
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While M&S had a cyber policy in place, Co-op and Harrods did not, Insurance Insider revealed.
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The agency forecasts up to five major hurricanes and 19 named storms.
