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The P&C Re CoR came in at 84.5%, a 10.2-point YoY improvement. -
The CEA has $326.4mn towards risk transfer, 44% below budget.
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The ILW specialist is believed to be exploring new opportunities.
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Quick-moving cat risk trading may become more prevalent in the ILS market.
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The timing is “opportune” to start the strategy according to Bennelong.
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Leadenhall first filed its lawsuit against 777 Partners in May this year.
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Data shows that nat cat losses in Canada have increased substantially this century.
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Returns were down on 2023, which benefited from favourable Ian loss development.
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Nat cat events triggered A$1.23bn of losses during the year.
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The regulations have been officially published online, with a hearing to be held next month.
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Rising premium income is not keeping pace with the increased cost of claims.
