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Some Canadian cedants have approached the market for top-up cover. -
The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.
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Guy Van Hecke has spent the last 26 years working at Axa, starting at Axa Corporate Solutions.
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Sluggish progress on competitiveness means ILS deals are transacted elsewhere.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The loss has increased by 1.4% since the company’s first assessment.
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The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The transaction complements its previous acquisition of RMS in 2021.
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Growth was driven by increased earnings and capital inflows.
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The broker said it expects strong ILS capital inflows to continue.
