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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis. -
Allocators are waiting for 2024 to pan out, according to Hiscox CEO Aki Hussain.
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The board of directors has voted for a 10% rate hike.
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Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
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ILS investors’ stress over Gibson Re is unlikely to inhibit legacy ILS’s future.
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Geico more than tripled underwriting profits.
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The broker said less than 1% of companies globally with cyber insurance were impacted.
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The insurer said once firms give up lower attachments or aggregates they “simply do not get them back”.
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Insurance Insider ILS reported in June that the company had bought substantial ILW coverage.
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The broker is yet to participate in a cyber cat bond.
