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Scor’s renewals update denotes a continued push to control volatility while Hannover Re is focused on growth.
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This is the fifth issuance from FEMA and carries a slightly higher multiple than the 2021 deal.
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A$209mn of its A$270mn agg reinsurance deductible remains eroded, in line with prior estimates.
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The exit of key Florida insurers could spur rate increases.
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Gross written premiums grew by nearly 25%, with similar levels of expansion in primary and reinsurance segments.
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The follow-on Lloyd’s syndicate posted a profitable combined ratio of 98% in 2021.
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RenaissanceRe has nominated Shyam Gidumal to its board, while Jean Hamilton is set to retire from the board in May 2022.
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The 5%-7% uplift came in ahead of a smaller November gain connected to 2019 catastrophes.
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Resilience bonds attempted to link up financial goals that proved to be too mismatched.
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Average multiple declined by 11% as issuance expanded by 13% last year
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Absent more significant reform, any changes this year look set to simply shift the timing of burdens falling on the public purse.