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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis. -
Sources warn further unrest is possible and anticipate rising demand for SRCC and even full political violence cover.
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The move follows Axa LM's decision to cease bidding for new external deals, revealed in September last year.
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Last year was a record year for cat bond issuance, with total limit placed reaching $10.9bn.
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This publication looks at 10 issues that will shape the industry in the year ahead, from rate sustainability to start-up progress to the post-Covid recovery.
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Also: take-aways from 1 January renewals, AIG tightens reins on cyber, and more.
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Nick Foden-Pattinson will lead the team, supported by Jeremy Brasier and Tony Key.
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The year was marked by record North Atlantic storms, which put the loss tally more than 40% ahead of mild 2019 experience.
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Entering reinsurance will be tough, but Ardonagh’s latest project is no surprise
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The flood insurer cut just under $200mn of limit from its renewal, enabling it to pare back its outlay, although nominal programme-wide rates rose 13%.
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The CEO outlines his vision for the start-up in a full and frank interview with this publication.
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Second- and third-event retentions rise from the year-ago arrangement.
