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Stephan Ruoff will continue his duties as global head of ILS. -
The manager has made four appointments including two internal promotions.
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E+S Rück said that natural disasters and persistently high inflation have again "taken a toll" on the German insurance industry.
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Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.
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By region, convective storms in the US alone accounted for 60% of global insured losses.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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The company said Ki is the first algorithmic underwriter to offer capacity from multiple syndicates.
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Caccamese spent nearly six years at rival broker Guy Carpenter prior to joining Aon.
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Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas.
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Fermat’s John Seo said the industry can “see the wall of money coming in, but it’s coming in slowly”.
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During the first nine months of 2023, a total of 24 separate billion-dollar weather and climate disasters have been confirmed by the NOAA’s National Centers for Environmental Information.
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These figures mark an improvement from August, which was impacted by losses from Hurricane Idalia.
