Guy Carpenter
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The rate-on-line index rise is the steepest uplift in 16 years. -
Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
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After 26 years the firm’s chairman of UK and global specialties is stepping down.
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Pool Re announced in November that Enoizi was departing after leading the state-backed reinsurer since 2013.
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Property cat rate increases this January were double those of last year and the highest since 2014.
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The reinsurance broker’s report comes after KCC put a $3bn insured loss estimate on the 10 December disaster.
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The former Willis Re vice president and head of European ILS joins as GC’s London ILS leader Des Potter is set to retire.
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The broker expects ongoing single-digit growth within the ILS market.
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The reinsurance broker will work in tandem with wider Marsh McLennan companies to provide an integrated service.
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James Johns will join the firm from Willis after some years at Talbot, while Josh O’Donoghue was at Aon.
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The California Insurance Working Group suggested the policy to cover areas with high wildfire risk.
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Tropical storm activity is expected to be higher than normal in the Atlantic, Caribbean and West Pacific regions.
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