Reinsurers
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In her new position, the executive will report to UIB LatAm CEO Carlos Gutierrez.
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The executive will be based in Zurich and report to international CUO Joerg Bruniecki.
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The broker was part of a mass resignation from Guy Carpenter last year.
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The recent Italian hail and Bernd losses show some companies are relying on outdated models.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
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Oversupply of capacity will outweigh casualty and per-risk concerns.
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The reinsurer experienced a “notable decrease” of catastrophe losses last year.
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This year, the association’s funding will come to $4.05bn with a $2.45bn retention.
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Reinsurers are reporting stellar 2023 results – what they do with the earnings will be crucial.
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Sources are expecting multi-billion new limit to be placed.
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He was executive managing director in Aon’s wholesale treaty team.
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Insured losses from the Christmas storms reached $968mn.
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The carrier has reported that full limits remain on all insurance cover.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The MS Re CEO said 1 January oversubscription levels on cat were not notable.
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The Australian insurer will have $1.7bn of core XOL cover this year.
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The move followed efficiency considerations and the current state of the Chilean market.
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Its property cat aggregate cover renewed with improved coverage.
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The increase in limit reflects the carrier’s growing exposure.
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Firms issued notice in respect of some commercially reinsured war risks.
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The review followed a methodology change.
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The ratings agency also affirmed the reinsurer’s A- FSR rating.
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The broker will be based in Miami and offer solutions in lines including property, energy, construction and financial lines.
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