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The carrier has also completed a review of its L&H unit.
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The company said it is still on target to achieve $3bn net income for the full year. -
The report aims to plug the gap in insurance-specific guidance.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr.
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The long-serving Aon broker specialises in the placement of cruise portfolios and Norwegian accounts.
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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Allianz’s P&C unit booked natural catastrophe claims of EUR646mn over Q3.
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The 2024 event saw 80 speakers address an audience of over 350.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
