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Plus, the latest people moves and all the top news of the week. -
A canvassing of the cyber market suggests the impact will be negligible.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The change forms part of a broader leadership reorganisation.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Though wildfire losses are up, total losses are the lowest since 2015.
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The carrier has been exploring launching into P&C organically or via acquisition.
