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Renewals could help cat bond spreads return to pre-Covid levels, the broker added.
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The deal will “capitalise on a dynamic competitive landscape and continue our strong growth trajectory”, Rod Fox says.
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Establishing federal backing would allow insurers to cede risk to central government.
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The company's CEO said the platform aims “to make the traditional broker business model a thing of the past”.
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With up to $4.5bn of anticipated volume in the works, ILS broker-dealers are waiting to see how multi-strategy sellers will impact the primary market.
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The policy would have likely paid out due to the coronavirus crisis.
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But the merger will still create opportunities for rival brokers to claim market share.
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Having a $20bn-revenue organisation would create the ability to invest more heavily in new solutions, including tech.
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The broker said it was considering next steps for the wholesale arm to maximise its growth.
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The former Aon retro broker was previously CEO of the UK arm at Fidelis.
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The deal covered Turkish earthquake risk.
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Aetna Life achieved its lowest coupon ever on the Class A tranche.