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Lara Martiner joined Allianz in 2011 as group legal compliance officer and legal counsel. -
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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MAP’s Christopher Smelt said impact on nationwide programmes will cause risk aversion.
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Both syndicates also reported a deterioration in their combined ratios.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
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Sources warned some property XoL books are already running 50% loss ratios.
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The cat bond manager warned of excess downside risk owing to an accumulation of losses.
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Flood Re’s bond Vision 2039 bucked the trend by pricing up 7% as its secured £140mn ($174mn) of limit.
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The insurance industry has experienced mounting losses from severe convective storms.
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Indirect exposure to cat risk through long-term investors gives Markel optionality.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
