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The executive will join the reinsurer ahead of the close of its merger with Sirius International later this month. -
The $296mn of reported cat losses were down 31% year on year.
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CEO Zuraitis said the company’s nearly $9mn in recoveries allowed it to achieve "below market" pricing on its program.
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The Bermuda-based broker is believed to be heading to Corant along with other hires.
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
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The analyst predicts the insurance sector could experience its best performance in nearly a decade.
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The ratings agency foresees no “material effect” on the capital or earnings of UK commercial property insurers following the Supreme Court ruling.
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The event was the third Australian hailstorm event of 2020 reported by the data aggregator.
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Fenchurch Law partner suggests "aggressive" initial claims adjustments will be unwound and the reinsurance context will need specific consideration.
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December and January people moves in the ILS market.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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The industry should expect similar losses in any given year, BMS vice president Andrew Siffert said.
