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CFO Christoph Jurecka declined to give a loss estimate for the Baltimore Bridge loss. -
In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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The market has advanced in sophistication but must tackle talent, tax and diversification issues.
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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The recent Italian hail and Bernd losses show some companies are relying on outdated models.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.
