Casualty/GL
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The program offers total limits of up to $50mn per policy. -
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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Indirect exposure to cat risk through long-term investors gives Markel optionality.
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The carrier increased premium by 7% at the January renewals.
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More than 33,000 claims had been filed as of 5 February.
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FY24 disclosures show shifting fortunes at reinsurer ILS platforms.
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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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He was appointed acting CEO earlier this month, after Andrade’s departure.
