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The proposals include increasing either statutory or CRTF funds.
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In Partnership With HowdenILS becomes less viewed as an “alternative” capital and has become a standard consideration for insurers and reinsurance whilst new perils, like cyber and terrorism, are expected to continue to grow, said Philipp Kusche, Global Head of ILS & Capital Solutions, Howden Capital Markets & Advisory, at the Insurance Insider ILS Conference in London.
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In Partnership With AcrisureIncreased interest from new entrants/cedants and new investors – plus attractive pricing – is helping expand the catastrophe bond market, said Patrick Witteveen, Co-Managing Director of Catastrophe Bond Solutions, Acrisure Re.
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Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
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A hard cat market in 2023 means cedants must consider the alternatives.
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A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.
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The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.
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The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.
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The lopsidedness of the ILS recovery means more confidence around prolonged hard market rates but also raises the bar on competing for third-party capital.
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The sidecar has been launched alongside partner Stone Point Credit Adviser.
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The APRA intends to review reinsurance settings in the Australian prudential framework over the course of 2023 and the first half of 2024.