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Earlier this month, we recapped some of the issues causing rising tensions in the retro market, where providers are pushing for release of capital trapped in connection to Covid-19 claims.
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The P&C business posted a EUR167.9mn underwriting deficit on EUR380mn in Covid-19-related losses. -
With the fundraising season approaching, tensions are rising over several points of dispute.
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CEO Kevin O'Donnell also noted that RenRe had dropped one-third of its Florida clients.
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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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The January agreement remains subject to regulatory approval.
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The ILS manager is discussing public solutions and expects demand to emerge.
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The (re)insurer placed a new $100mn enterprise cover, ahead of the $350mn bond elapsing.
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The deal marks the MGA’s first foray into assuming underwriting risk.
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Willis Re's head of international says clear reinsurance rating momentum falls short of being a true hard market phase.
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An influx of underwriting capacity will likely limit the extent to which reinsurance rates rise, the agency said.
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People moves in the ILS marketplace.
