Reinsurers
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The reinsurer is seeking annual aggregate cover against earthquakes and second-event named storms. -
Paul Poschmann joins from Gallagher Re, where he was a divisional director.
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The reinsurer is seeking index-based cover for a wide scope of perils and territories.
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The vehicle is yet to recover to 2021 levels of $235mn.
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In the US, pricing fell by 6.2% at the major renewal.
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Nicole Chase was central to the build-out of Mt Logan while at Everest.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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The carrier has raised $75mn of higher-risk Class C coverage.
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The firm said it benefited from favourable retro market conditions.
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The single Class A note is paying a multiple of 2.1x.
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The carrier attributed the intensification of storms this season to climate change.
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Pricing on the Class A and Class B notes settled below guidance.
