RenaissanceRe
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
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The reinsurer tends to support a number of syndicates where it has a potential relationship.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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Hurricane Milton is estimated to have a net negative impact of $275mn on Q4 results.
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Everest Re bucked a more general trend to keep cat exposure stable.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The property CoR improved by 9.1 points, while casualty and specialty’s fell 5 points.
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The specialty treaty market is preparing to deal with the fallout from the Baltimore bridge disaster.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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The property CoR improved by 13.7 points, while casualty and specialty’s deteriorated by 6.7 points.
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The 100% equity award will vest in full after five years.
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