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In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re. -
In the US, pricing fell by 6.2% at the major renewal.
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Cat bonds were a key supply-side driver at 1 January 2025.
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The broker anticipates strengthening investor demand for collateralised re.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
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Increased reinsurance capacity was more than sufficient to meet continued growth in global demand.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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First-time sponsor QBE secured $250mn of quake and storm coverage.
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The broker estimated ILS capital has reached $107bn.
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Homeowners’ insurance rates have spiked almost 60% since 2018.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The storms struck Victoria, New South Wales and Queensland.
