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Kalachian moves from Allianz where he was a managing director. -
The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
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There is no guarantee that the process will yield a particular transaction.
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The offering will be rolled out to Arizona, Georgia, Tennessee and Texas later this year.
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Envelop anticipates that cyber ILS could hit $100mn of GWP within four years
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The ILS manager’s half-year report showed significantly lower holdings with Everest Re, as much of its portfolio has gone private.
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The segment’s lustre has been dulled by losses and capital trapping.
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Ledger has placed more than $400mn in premium into the capital markets.
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He will lead capital raising for its insurance linked programme.
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Rates have climbed 20%-35% since 1 January, and 40%-50% year on year, sources estimated.
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Branch reported 1300% growth YoY in annualized written premium and a 400% increase in employee growth in the last year.
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One Floridian had “zero” reinsurance in place before weekend.
