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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending. -
The broker said demand grew more slowly than reinsurer appetite.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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This follows a preliminary agreement reached earlier this month.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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Swiss Re has retreated from its “escalation clause” for the Middle East.
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Insight into the insurance M&A market, powered by Insurance Insider’s deal database.
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The carrier revealed new group financial targets at its Capital Markets Day.
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Barry Stiff is expected to join Aon in May.
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The carrier attributed the intensification of storms this season to climate change.
