Stocks
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The carrier said AIG Re cut US property reinsurance limits deployed by 10% at 1 January. -
A Bermuda court has ordered scheme meetings be convened to vote on the deal.
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Universal Insurance Holdings books $30.7mn reserve charge and sees $21.5mn in weather above plan for Q4, with shares plunging on the news.
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Scor’s renewals update denotes a continued push to control volatility while Hannover Re is focused on growth.
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A$209mn of its A$270mn agg reinsurance deductible remains eroded, in line with prior estimates.
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The Cayman Islands reinsurer will source underwriting risk for a new feeder fund investing in non-cat securities.
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Industry veteran argues that the culture of the UK regulator is stifling growth.
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The 5%-7% uplift came in ahead of a smaller November gain connected to 2019 catastrophes.
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RenaissanceRe had raised $470mn for the high-risk fund platform a year earlier.
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As of December 31, 2021, policyholders have filed 434,633 claims of all types from Hurricane Ida, with 83% of them already closed.
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CEO Albert Benchimol pledged to grow the company’s specialty business as the catastrophe portion of its 1.1 book shrank by 10 percentage points.
