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The capital being returned to shareholders is part of a compulsory partial redemption. -
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The new funds will target the US wealth market through financial professionals.
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The model factors in the effects of climate change to date.
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A total of $2.1bn in Fema money has been approved for the state.
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Tyler left Gallagher Re earlier this year.
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The reinsurer confirmed its intention to reduce the K-Cession sidecar for 2025.
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Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
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Bob Forness, CEO of MultiStrat, will take over Robinson’s responsibilities.
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The outgoing CEO will leave the company at the end of March 2025.
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The Florida carrier reported a 103.5% combined ratio in Q3.
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In other property, Helene and Milton will assure rates remain attractive, he added.
