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Many carriers agreed on the growing attraction of primary markets but differed on reinsurance-expansion tactics. -
The pool, which will cover cyclone and related flood damage from July 2022, is expected to bring down the cost of insurance.
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Aon-Willis, CFC's new Lloyd's syndicate, Talbot's contingency retreat and more.
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Insurance rates in the US rose 15%, while London market pricing was up 10%
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His arrival comes in the wake of a series of departures from Validus Re’s specialty reinsurance team.
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Indications from Bermudians suggest Covid-19 noise will abate, while early US reporters suggest a slowdown in rate momentum.
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Zurich’s Boston-based global head of cyber risk Lori Bailey is set to leave the business, Inside P&C understands.
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The newly created Insurance Rebellion dumps fake coal on the doorstep of One Lime Street.
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The MGA will cover power, mining, chemical processing industries and public and private building sectors and civil infrastructure risks.
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The move comes ahead of the COP26 climate summit in Glasgow in November.
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The insurer racked up $915mn of qualifying cat losses after winter storms.
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Covid-19 losses of $14bn added 8 percentage points to combined ratios.
