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The company's portion of net written premiums from Fidelis is expected to be around $550mn to $600mn for the full year. -
The regulator examined carriers’ ability to model nat-cat and cyber events, with mixed results.
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The former Lancashire treaty underwriter had worked at the ILS platform since October 2021.
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The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.
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Beazley’s bond was hailed as a “great first step” but challenges remain, although others are already working on narrower cloud outage transactions.
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Louisiana governor John Bel Edwards, state insurance commissioner Jim Donelon, and legislative leadership are in discussions about a potential special session.
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The broker said cedants will return for extra property cover after a tough 1.1.
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The transaction is the first proportional deal for cyber risk in the capital markets.
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This takes its ex-Florida cat losses since the start of its reinsurance annual risk period in April above $2bn.
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The Ontario and Quebec derecho was the most severe weather event for Canada in 2022, causing C$1bn worth of losses.
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The sidecar takes a 25% quota share of CCR’s worldwide property cat book.
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The firm missed its earning per share target for the quarter.
