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The report outlined 17 recurring and emerging risks (re)insurers should be aware of. -
The comment comes after major US carriers pulled back from new business in wildfire-prone California.
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A Guy Carpenter report recently noted that risk models are converging for the most remote risk levels.
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The carrier said 70% of the claims stemmed from two wind and hail events.
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Frank Lopapa was instrumental in the formation of Mt Logan in 2015 and retires after eight years on the board.
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The carrier is increasing underlying rates to counter increased reinsurance costs and inflation.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.
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John Welch left his role as CEO of domestic markets at Axa XL Re last year in a leadership reshuffle.
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The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.
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The bond will provide cover for US named storm and earthquake events in all 50 US states.
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The reinsurer launched the cat bond as its first entry to the cat bond market seeking an alternative to retro.
