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Shabnam Ahmed joined the firm in October 2020 to build up its portfolio and train junior underwriters. -
The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.
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The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.
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More retrocession capacity is likely to be deployed during 2023 as pricing holds up across the primary, reinsurance and retro markets, according to Conduit Re.
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The carrier also secured risk-adjusted rate increases of 19% across its portfolio at 1 January.
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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.
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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.
