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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. -
The broker said cedants will return for extra property cover after a tough 1.1.
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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.
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She had served as director of underwriting at Nephila since mid-2018.
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Private flood insurance accounted for about 40% of total flood insurance premium in California, higher than Florida’s 15%.
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It is understood that the Miami-based underwriter will continue operating with capacity from Bermudian carrier PartnerRe and Mexican reinsurer Patria Re.
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Rate increases achieved at 1 January will help carriers keep pace with inflation, the agency said.
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The executive was previously head of casualty underwriting for EMEA.
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The new firm has registered Jireh Re (SAC), an unrestricted special purpose insurer, with the Bermuda Monetary Authority.
