Casualty/GL
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Some programs had to be restructured as rates hardened and capacity flowed away from cat risk in some cases. -
The firm says it has condensed the securitisation process into weeks rather than months
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After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.
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This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
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The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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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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Nearly 80% of respondents said underwriting capacity decreased in the quarter.
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The reinsurance CEO says Swiss Re will cut back its US casualty share.
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Alternative capital reduced by around $3bn in H1 2020 due to trapping.
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P&C (re)insurers are in a stronger position than peers in the life insurance market, according to S&P.
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Social inflation is not just a Florida issue – it's also top of mind in the casualty market.
