Howden
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Of $17bn that entered the market in the 15 months to 31 December, 40% was channelled into ILS vehicles. -
The broker said global cat rates rose 3% in the 1 January reinsurance renewals.
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The executives will look to bring the company’s full suite of products to clients.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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She joins after over four years at Securis, where she was head of investor relations and business development.
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European and Bermudian reinsurers are expected to be the most favorably affected by the current environment.
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Radford joins after spending two years at Aon’s Capital Advisory business.
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The broking firm’s (re)insurance market update said growth in alternative capital is a now a permanent feature of the market.
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The broker said that capital levels should stabilise at previous levels, given a normal second half.
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Some cedants paid more than 40% increases depending on Florida concentration and Hurricane Ian losses.
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Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.
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The intermediary recorded “one of the hardest reinsurance markets in living memory” as primary rate increases slowed.
