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Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas. -
The fund had taken major losses on cat-related investments, including through Southeast primary carriers Weston and Southern Fidelity.
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Stress-test numbers were increased to 112, including scenarios of losses in multiple years, up from 105.
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Fermat’s John Seo said the industry can “see the wall of money coming in, but it’s coming in slowly”.
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The recent ILS start-up was the only new mandate for 2022 after the Dutch firm had added two new mandates in 2021.
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The motion seeks discovery of information and documents about the structure and operation of White Rock’s cells.
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In a presentation before Florida lawmakers, Cerio noted recent success in Citizens’ efforts to move policyholders to private insurers and reduce risk exposure.
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The pricing settled at 925 basis points, which is towards the lower end of the initial guidance of 900-975 basis points.
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Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.
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The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.
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The fund is on course for its strongest year of returns since inception in 2014.
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Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
