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The size of its Harambee Re vehicle remains undisclosed.
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Commissions on QS deals fall and excess of loss rates show modest improvement in the US.
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UPC said the coverages and terms within the quota share remain unchanged.
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Carriers are seeking rate rises of 10-20 percent in 2019, the broker said. -
That’s settled it then. JLT Re and Willis Re’s 1 January renewal reports have finally put one of the oldest insurance myths to bed.
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Insurers will pay less for risks ceded to the scheme from 1 January.
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The firm recorded a slight aggregate pricing decrease for property cat reinsurance, despite losses affecting negotiations.
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Trapped collateral after recent catastrophes could buttress pricing, the analysts say.
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The antitrust authority wants the Financial Conduct Authority to clamp down on “price walking”.
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Homeowners in the state pay more than 9 cents on the dollar of claims for legal costs, three times the amount nationwide, according to a report.
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Rate reductions have already started to ‘decelerate’, one industry expert said.
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Industry loss estimates are expected to increase as carriers come to terms with their actual exposure to this year’s record-breaking wildfire season.
