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Philip Hough leaves Singapore to focus on his role as global head of property, based in Zurich.
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Sources raised concerns about a consistent trend in claims inflation and the long-term prospects of profitability. -
The French mutual has been looking to expand, with recent unsuccessful attempts to acquire Scor and PartnerRe.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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Reinsurers are talking about a new era of elevated risks, but their behaviour may signal a more relaxed view heading into 2022.
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The consortium, created with China Re, will later expand to include other lines of business.
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The reinsurer is looking to anchor its UK motor co-insurance and reinsurance capacity with a fully integrated platform for distribution and claims handling.
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Swiss Re acquired its Phoenix stake in 2020 following the sale of closed life business ReAssure.
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US property rate increases are coming in below expectations, although European rates remain on the up.
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Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.
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Plus, a detailed look at the FCA’s BI claims data and all the most popular news from this week.
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The Corporation’s deal signals a moderate view on growth and a refined approach to solvency management.
