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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg. -
The growth figure represents a 5-point deceleration on the 9% reported in Q4 2024.
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Representatives from the UK broker have been ordered to appear before magistrates on 7 May.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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Being the “new kid” has created interest in the market, Mereo CEO Croom-Johnson added.
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Newly appointed CEO Chris Jones also joins the board.
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The firm now reports on insurance exposures to natural perils for 21 countries.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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Meco's 2024 gross written premiums totaled $63mn.
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