Stocks
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Average reinsurer return on equity (RoE) was just 4.8% over the past four years. -
Mary Margaret von Herberstein will work on relationships with quota-share capacity providers.
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The manager says cedant demand is growing for larger transactions.
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The return of capital in May will largely go to investors in the class C post-2017 class of shares.
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State Farm has more than replaced an expiring $300mn cat bond, while Horseshoe’s platform did its second deal for the year.
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Overall growth in the quarter was modest but the market was faced with some major non-renewals.
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The EU’s SFDR is the first major regulatory attempt to codify ESG disclosure requirements, and other regions are expected to introduce similar rules in the future.
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An increased frequency and severity of fires weigh on per-risk covers.
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Reinsurers still have concerns over rate adequacy as views of typhoon risk evolve.
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The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
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The Australian carrier’s quota share will pick up some losses, while 38% of the deductible on its aggregate cover is eroded.
