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The deals include a $30mn aggregate and a $110mn all-other-perils deal.
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The deal may replace a $55mn sidecar listed this time last year, which sources said provided reinsurance for a short-tail property insurance book.
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Peak Re was able to increase sidecar cover for its global property reinsurance risk portfolio amid stalling ILS capacity this renewal.
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The reinsurance market has scrambled its way through the January renewal season in typical festively messy fashion – but in the sober light of New Year it will be mulling over several key issues that will set the trend for the rest of 2020, with change far from complete.
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The government secured a slight expansion in the level of cover obtained across the middle layer of the programme.
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Trapped collateral left overall capacity flat, despite a 5 percent increase in rated capital.
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Hyperion X estimated retro rates have risen to around 140 percent of their pre-Irma levels.
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The broker's chairman of international business James Vickers said reinsurers are only trimming capacity on the edges of the cat market.
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The broker’s 1st View report highlighted diverging reinsurer tactics and segmented renewal outcomes.
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The carrier renewed about a third of its $1.2bn earthquake cover.
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The reinsurer was among the blue-chip cedants to benefit from an earlier renewal and occurrence structure.
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Risk-adjusted rate increases have put returns back to 2014 era benchmarks, sources estimated.