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Underwriting margins need to improve by as much as 7-12 percentage points to compensate for lower interest rates, the carrier states.
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CUO Golling calls for government-backed national pools with parametric triggers and mandatory coverage.
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The carrier will also take low triple-digit-million euro hit from Laura, Hanna and Isaias.
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The start-up broker adds Aon’s Simon Coles and Stewart Smith to its growing reinsurance unit.
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The market value for grounded planes in the US is around $70bn, presenting increased natural catastrophe risk.
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Gallagher reinsurance unit hires second key broker from Aon in a fortnight.
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The deal covers subject premium of around $2bn and will run for 18 months. -
The carrier targets liability growth in 2021 as pricing hardens.
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The top 10 carriers continue to write the lion’s share of global premiums.
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Typhoon Haishen is following in the wake of the storm, and is currently forecast to approach South Korea at Cat 4 strength
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Fundraisings mitigate Covid-19-related capital pressure, the rating agency says.
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Chris Schaper is to step in as CEO of the unit, as Jeff Clements and Chris Silvester depart.
