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Kusche and Rosenberg will co-lead the firm’s global ILS business. -
The ILS and reinsurance broker was established last October by Raj Jadeja.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Paul Poschmann joins from Gallagher Re, where he was a divisional director.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
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The forecasts anticipate a large volume of maturities and rising sponsor demand.
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Cat bonds were a key supply-side driver at 1 January 2025.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
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The broker estimated ILS capital has reached $107bn.
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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The reinsurance veteran joins from Artex Risk Solutions.
