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The firm will also act as sub-adviser to the Brookmont ETF cat bond fund. -
The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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The storms struck Victoria, New South Wales and Queensland.
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The bond offers a higher multiple than a similar Fuchsia Re deal placed last year.
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The reinsurance veteran joins from Artex Risk Solutions.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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The bodies said that tapping into the cat bond markets was a possibility.
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Everest is in the process of transforming its ILS offering.
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The regulations are part of a state effort to expand wildfire coverage.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The firm said it benefited from favourable retro market conditions.
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The reinsurer said investors were interested in expanding after benefiting from good results.
