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The management’s buyback acquisition brings an end to the two-year relationship. -
The carrier experienced a benign Q1 for catastrophic loss activity.
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Large losses came to EUR52mn with low retro recoveries.
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The former Neuberger Berman managing director confirmed the new role in a LinkedIn post.
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Both vehicles’ credit ratings outlook was also deemed as stable.
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The carrier also reported a $16mn satellite loss during the quarter.
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The sponsor was targeting between $850mn-$1.1bn of coverage in the latest mega-bond to hit the ILS market.
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The capital will be deployed by Bermuda-based special purpose insurer Arachne.
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Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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Twia needed to purchase $3.35bn of reinsurance to satisfy its $6.5bn 1-in-100 PML.
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CFO Christoph Jurecka declined to give a loss estimate for the Baltimore Bridge loss.
