Stocks
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Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors. -
This comes after PIC said it would challenge the buyout offer last week.
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The manager has faced a challenge to its buyout offer based on concerns over value.
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The issuance was the fourth for the Marsh platform this year.
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The (re)insurer pegged industry losses from Ida at $30bn and increased its share buyback program to $1.5bn.
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After the acquisition, the Beech team will continue to be led by Geoff Stilwell, Andrew Woodhams and Matt Gates.
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From now on, per-event retentions for second and third events will lower to $55mn for hurricane and earthquake perils.
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The lower-than-expected losses so far from Ida do not stack up against what is thought to be a $30bn+ cat event.
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The broker forecast ‘continuing growth momentum’ in the ILS market.
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Markel reported that investigations by the DoJ and SEC have concluded with no penalties or action taken against the company.
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California wildfire loss notifications relating to 2017 and 2018 fell.
