AJ Gallagher
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Torrential rain caused flash floods in the Gulf States in the middle of April. -
The cat bond will provide coverage across multiple territories in Europe.
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The second part of the PoleStar Re issuance takes the bond's total volume to $300mn.
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Diversification in perils and regions can help the market grow.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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Retained earnings resulting from reduced loss activity also helped to boost ILS capital.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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This came as the broker earmarked “material softening” of minimum traditional rates on line.
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Driscoll and Lubert have been promoted to presidents.
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The vulnerability updates are the biggest driver of loss changes.
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2023 was the fourth consecutive year insured cat losses surpassed $100bn.
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The deal was brokered by Gallagher Re and provides US cyber insurance event protection.
Most Recent
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22 November 2024 -
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21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024