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The new classification will allow the carrier to increase GWP and third-party risk.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis. -
Slew of maturities and competitive pricing environment make the cat bond market attractive for sponsors, brokers say
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Centeno has three decades of insurance experience and focuses on D&O, M&A and tax liability cover.
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Tougher positioning by reinsurers at the 1.1 renewal accelerated the practice of placing business at differentiated terms, Irvan said.
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The deal “may reduce choice” for cedants in choosing reinsurance brokers, the EC said.
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The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.
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With a low initial expected loss of 0.25%, the notes offer a substantial 11.6x multiple.
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The pact is Tremor’s first integration with a global broker.
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The broker will operate as Acrisure Re and Acrisure London Wholesale.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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The $100mn+ Bonanza deal is the Floridian’s third foray into the cat bond market
