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The Corporation’s CEO said the market could be 50% bigger in treaty reinsurance business.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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It is understood that Ascot will continue to write worldwide retro business.
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Outrigger Re will write a quota share of Ark’s Bermuda property treaty book.
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The modeller also said that losses to the National Flood Insurance Program will likely remain under $300mn.
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The geo-political groups have launched the Global Shield against Climate Risks, a scheme that will deploy financial support for vulnerable countries during cat events including via insurance provisions.
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The transaction will add Latin American hurricane and earthquake modelling capabilities to Aon’s product suite.
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Marsh McLennan is mobilising the insurance industry to support the UN’s Race to Resilience initiative, starting by featuring 17 climate adaptation projects.
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The carrier pushed London brokers for a reduction in the traditional 15% commission.
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The tech company contributed $139mn to its asbestos subsidiary companies as part of the deal.
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The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.
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PE funds considering a play in the catastrophe space are far more likely to be looking for an alpha play.