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The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser -
The Australian carrier’s quota share will pick up some losses, while 38% of the deductible on its aggregate cover is eroded.
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The reinsurance chief sees no role for the ILS market, as pandemics are "badly defined", with no clear end point.
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Richard Coulson, Richard Holden and Philip Vandoninck will all take on more senior roles.
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The announcement came after Australian Securities and Investments Commission said it had been investigating insurers’ exposure.
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The appointment to the newly created position is the latest of several management changes.
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The Swiss Bank said that the broker did not disclose issues around the supply chain financier’s insurance coverage.
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Plus the latest executives on the move and all the top news from the week.
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Firm order terms reveal an expectation from cedants of price increases between 5% and 10% on flood covers, in line with pricing momentum from 1.1.
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The Dutch institutional investor discloses a 5.2% holding in the start-up.
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The analyst approves of the start-up’s blended reinsurance approach.
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The legacy specialist is balancing its portfolio with select MGA investments.
