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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg. -
Despite a softening market, carriers still have belief in their profitability, sources said.
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Large losses and attrition put pressure on aviation underwriters.
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Plus, the latest people moves and all the top news of the week.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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The 1 April renewals are the key date for Japanese treaty.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat.
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Some of the Big Four are slowing growth as the market softens.
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CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
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The reinsurer anticipates downward rate pressure to continue over 2025.
