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The guaranty association’s board voted on Friday to extend an existing 0.7% assessment into 2023. -
The ratings agency warns latent exposure to property risk could cause capital deterioration.
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Contasta joins the Connecticut-based reinsurer after over 14 years at Alleghany-owned carrier TransRe.
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The latest estimate is an increase on Perils’ earlier figure of EUR3.6bn.
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New research estimates one in six chance of magnitude 7 or higher eruption this century.
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The Brazilian reinsurer suffered large losses from weather-hit crop producers.
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UPC policyholders could be force-placed by their mortgage lender.
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Berkley also increased its position in Global Indemnity and now owns around 8.5% of the firm.
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Neyme was previously vice president, US casualty treaty.
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The firm hopes to offer investors legacy and live risk in the future.
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Twia noted that the cancellations had come as Texas enters peak hurricane season.
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Swiss Re’s advisory firm aims to offer investment management services to third-party investors.
