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The purchaser is known for having a very low cession ratio, although it said it would leave Alleghany to operate independently. -
Even though underlying ILS market conditions are improving, getting a hearing from investors could become harder.
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It noted that its aviation and marine books are covered by retro although its exposure is “not very material”.
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The reinsurer exceeded its large-loss budget by $166mn.
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The ceded premiums were up more than sixfold after it set up a new sidecar.
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The ILS platform of Everest Re is looking to optimize value for the group and investors.
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The company is focusing on non-catastrophe offerings, such as P&C.
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Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively.
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Talks between the regulator and practitioners are ongoing, with the market picking out several key threads that could assist local transactions.
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TransRe cut its property book by more than 25% but replaced it with casualty growth.
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Combined with a challenging fundraising landscape that is likely to have led to investors cutting more deals, 2022 will be a year of fiscal pressure.
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The rating agency’s model update will increase focus on one-in-500-year PMLs
