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The firm will advise and support third-party risk capital providers. -
The broker also plans to hire from LSN Re and Aon Re, as part of a build-out of its team in the French capital.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
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The company received over 10,100 home and auto claims as of January 27.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The platform will match partner capital to provide capacity for reinsurance placements.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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He joins from Pillar Capital and will be based in Bermuda and New York.
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Secondary market pricing indicated anticipated California wildfire losses.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
