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JLT’s Plane Talking report finds rates holding steady.
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The 1 July renewal is the first since Marsh won the account from Aon in January.
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Including cat bonds issued via Everglades Re, the ILS share of the overall placement rose to 58 percent.
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With a strategic review in process, could Maiden face activist pressures like its sister company AmTrust?
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Gains reflect shrinking loss ratios as premiums surge 37%, statutory filings show.
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The insurer increases coverage by 41 percent to $445mn with ‘mid-single digit’ rate cuts.
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A strengthening US economy should help global non-life insurance premiums to rise in coming years, despite a deceleration in emerging economies.
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The retreat follows marine retrenchment at AmTrust and Barbican.
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The broker pegs the “new norm” increase at about 5 percent.
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Pricing in the terrorism market is showing signs of levelling out, with rate cuts at a far lower level than in previous years.
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Carriers will have to ‘get serious’ on creating leaner business models after property cat rates made little ground at 1.6 and 1.7.
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Rates for financial institutions products renewed flat to up 5 percent in London at 1 July, sources said.
