Stocks
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The deal marks the MGA’s first foray into assuming underwriting risk.
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The island's ILS capacity grew by $19bn, or 37 percent, the year after Irma.
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The German insurer has placed a new EUR200mn worldwide cat agg deal. -
Cat bond investors received better risk-adjusted rates on new issuances, but lower risk levels meant average spreads fell year on year.
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The market shows a clear desire to achieve a ‘best of both worlds’ solution.
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The interim CEO said this marks a new era for the utility firm.
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The figure was net of reinsurance recoveries and connected to 15 events in the quarter.
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ILS can spread climate-related risks and reduce potential financial costs, the body said.
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Syndicate 2358 may target lines such as cyber or terrorism.
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Worldwide losses may reach half the level projected by Lloyd’s, analysis suggests.
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The deal will give Buckle access to Gateway’s 47 US state insurance licences.
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Denbigh is the fifth senior Aon retro broker to leave the firm in recent weeks.
