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Australia and Florida buyers faced capacity problems as inflation drives up pricing. -
The property reinsurance market may be fast approaching a true ‘hard’ market, the broker said.
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Pricing has settled at the top end of the reinsurer’s original guidance.
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The state-backed carrier has seen massive growth in the distressed Florida market.
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For most policy forms, all roof types must be 15 years or newer to write new business in certain counties.
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Carriers can use the tool to cross reference flood imaging with their own property portfolios.
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Succeeding years of nat-cat losses have left aggregate and lower-layer capacity tighter.
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In this newly created role, Joe Stuhl will lead the reinsurance organization’s global distribution strategy and address emerging needs.
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The new recruit has worked for Argo, Allianz and the European Space Agency.
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Louisiana appeals court decision that allows property damage claim for Covid shutdowns is contrary to every other appellate ruling on the issue.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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