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This year’s coverage will involve $2.94bn of new risk transfer.
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The UK listed investment manager has almost doubled its ILS allocation since April last year.
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Tom Fealey has assumed lead portfolio manager responsibilities.
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The executive worked in investment banking before joining the reinsurance industry.
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This will be Brit’s first cat bond issuance since its 2020 deal through Sussex Capital.
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This came as the market’s underwriting profit dipped 10% for 2024.
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Almost 300,000 people have been left without power from the storm.
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Some $625mn of new issuance entered the market in the first week of March.
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There is the potential for cat bond H1 issuance to be a record breaking six months.
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The scope of QRT’s new ILS strategy will include cat bonds and private ILS.
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As of 14 February, the company received 405 claims.
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The executive spent a brief period at Wakam in a capital and reinsurance role.