Claims trends
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A number of players suggested that the cost components of first-party claims were up between 30%-50% on that seen during Ransomware Wave One.
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Early evidence is leading the (re)insurance market to hope the storm can avoid the development curve of its 2017 predecessor Hurricane Irma.
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Several firm-orders have been released, but there are widespread expectations of a much-delayed renewal as low-layer capacity remains elusive.
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Lodgepine departs from the pillared structure of Markel Catco, Markel co-CEO Richie Whitt said.
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Willis Towers Watson may look to push its G360 broker facility into a delegated authority platform, sister publication The Insurance Insider reported.
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Markel Catco's "eye-catching" hike to its wildfire loss reserves in its December monthly report implies that the Californian disasters triggered the firm's "floating back-up" pillars, according to a Numis analyst's note.
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Markel Catco's "eye-catching" hike to its wildfire loss reserves in its December monthly report implies that the Californian disasters triggered the firm's "floating back-up" pillars, according to a Numis analyst's note.
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Greenlight Re says reinsurers are in a "hardening" market but that excess capital - especially from collateralised providers - will temper premium increases.
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Ratings agency Standard & Poor's (S&P) has put its ratings on two Vitality Re issuances from health insurer Aetna on CreditWatch with positive implications due to improving claims experience.