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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
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Panellists discussed the softening market, and what would flip the switch on rates.
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Market softening means exploiting hardening niches is the name of the game.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
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In part two of our 2025 outlook, we explore the drivers of carrier M&A and recreating the ESG agenda.
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Certain new and old themes will re-emerge this year as the balance of power shifts.
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Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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Rates are turning negative, and the balance of power is shifting towards the brokers.
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Aggregates that are featuring in the reinsurance market are not the low-attaching ones of prior years, he added.
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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said.