Amwins
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums. -
The program will provide excess casualty coverage across a broad range of industries.
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The market is expected to seek additional exclusions around systemic events.
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Core Specialty will retain some premium and risk on the underlying business before transferring defined natural catastrophe risks to the ILS manager.
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The broker says the ILS alliance will "meaningfully increase" its capacity in three segments.
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Alex Kaplan has joined AmWins as executive vice president of alternative risk.
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Bob Petrilli will join the firm after leading the North American unit at Swiss Re Corporate Solutions.
