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The broker is discussing the potential for "smart frequency solutions" with reinsurers. -
Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
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Paul Nolan is expected to join Globe in July 2025.
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The reinsurer said three Canadian loss events in the quarter will lead to similar claim expenditure as Hurricane Helene.
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TMK CUO Matthew Shaw has also been elevated to CEO.
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The syndicate will continue to diversify its portfolio but growth will be “more conservative” in 2025.
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The carrier also warned of “uncertainty” around 2021 due to exposure to “Western-leased aircraft in Russia”.
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European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.
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More public-private partnerships are needed to keep cat risk affordable.
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Continental cedants are looking for support for third and fourth events.
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