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Hamilton hires Novae alum Patten for Syndicate 3334

Hamilton Insurance Group named Robert Patten as head of casualty for its Hamilton Underwriting unit, which is the managing agency for its Syndicate 3334 and its Lloyd’s operations.

Ted Bunker, 14 December 2017
Farmers passes $1.1bn wine country fire loss to reinsurers

Farmers said its gross cost estimate of losses from the October wildfires in Northern California ran to $1.2bn and indicated that about $1.06bn of the total would be covered by reinsurers.

Ted Bunker, 14 December 2017
Cedes down on Arch casualty quota shares

Firm order terms (FOTs) for two 1 January-renewing quota shares bought by Arch have gone out with lower ceding commissions, providing further evidence of a transitioning casualty reinsurance market, The Insurance Insider can reveal.

David Bull, 14 December 2017
XL Catlin taps Lefkowitz to lead NA global risk unit

XL Catlin has elevated Jay Lefkowitz to president of global risk management in North America, reporting to Joe Tocco, CEO of the company’s North American insurance business.

Ted Bunker, 14 December 2017
Citizens raises budget for harder reinsurance renewal

Florida’s state-backed insurer Citizens has budgeted for an 8 percent increase in its private risk-transfer costs for 2018 in anticipation of a hardening property cat market.

David Bull, 14 December 2017
IQ Winter 2017

Once in these pages I likened a prolonged soft market to a house party that gets out of hand.

Mark Geoghegan, 14 December 2017
McConachie rejoins Third Point Re as Collins exits

Total-return reinsurer Third Point Re long-time director Christopher Collins left the board today and was replaced by former director Neil McConachie, who co-founded Fidelis during the interim.

Ted Bunker, 13 December 2017
California regulator vetoes auto moratoriums amid wildfires

The California Department of Insurance has demanded insurers cease imposing moratoriums on writing new or amending existing private passenger auto policies during the Southern California wildfires.

Catrin Shi, 13 December 2017
Opinion: A D&F recalibration

This past week I have been talking to people in the property direct and facultative (D&F) market on their feel for upcoming renewals

Catrin Shi, 13 December 2017
Brit launches collateralised vehicle Sussex Re

Lloyd's carrier Brit is to establish Sussex Capital, a Bermuda-based collateralised reinsurance vehicle with an initial $100mn of capacity.

Catrin Shi, 13 December 2017

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