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The move comes as a broader range of better performing syndicates are told they can “file and use” 2021 plans.
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Lockton Re has hired Anthony Izzo as a senior broker in its New York office, reporting to Nick Durant, CEO of North America.
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The investment hit to the industry has nearly been erased, while capital raising is approaching the scale set by the class of 2005 start-ups.
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The broker’s global P&C hub has given clients a single access point for Bermuda, London and Singapore markets.
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The licence makes it the first Shanghai-based reinsurance subsidiary and the first foreign-owned reinsurance subsidiary in China.
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There is only ‘limited validity’ in comparing the Covid-19 losses to those experienced in 2001, the report said.
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Willis Re's head of international says retro buyers are finding alternative levers to manage their capital as the market hardens.
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Reduced exposures take the vertical limit on carrier’s cat programme down to A$6.5bn from A$7.2bn.
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Capacity remains adequate but the focus on returning to underwriting profit is driving up rates.
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The two-tranche deal will provide US storm and Canadian quake cover.
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Sara Steiner joins from RenaissanceRe, where she was most recently vice president of casualty treaty.
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The group says Stephen Catlin’s steering group needs to go further.