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Uncertainty created by Covid-19 is driving demand, as insurers move to protect capital, Jean-Paul Conoscente said this week.
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Physical damage requirements should protect the carrier, it argued.
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BI may seep into some reinsurance and retrocession covers but insurers will take the biggest hit, said the head of ILS at Schroders.
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Former Everest Insurance CEO Jonathan Zaffino will lead the carrier’s US and Bermuda operations.
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Jonathan Zaffino had worked at the company since 2015, and served as an MD at Marsh earlier in his career
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Bill Brown was chairman of Walsham Brothers and passed away after a long fight with dementia.
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Tim Shelley, former head of risk, capital and portfolio development at Ariel Re, joins the company as a partner.
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The top ILS manager expects assets under management to decline by 7% in H1.
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Stefan Lippe steered the reinsurer through a transformation in the wake of the global financial crisis.
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Countless other insurance executives have made similar remarks as they face the prospect of legislators pushing through such bills.
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Willis Re president Andrew Newman said capital will continue to flow into insurance if adequate returns are on offer.
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Jardine currently serves on the advisory board of parametric risk-transfer trading platform Akinova.