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Farmers’ agents in Florida will be offered an appointment with Slide. Renewals issued by Slide will begin for February 2024 effective dates. -
Robert Salzmann has held a variety of roles at SI Re, most recently overseeing the carrier’s ILS markets and retrocession team.
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In a presentation before Florida lawmakers, Cerio noted recent success in Citizens’ efforts to move policyholders to private insurers and reduce risk exposure.
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The most important factors driving insured losses over the years include hurricanes, other weather-related events, inflation, and excess litigation.
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Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.
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Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
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He joins from Global Parametrics, where he was head of partnerships and business development.
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Wildfires in British Columbia were the largest of 11 catastrophe losses for the insurer.
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Bernard Opoku will replace Jeff Sangster as CFO effective 1 October.
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Losses from the Maui wildfire include a modest amount of reinsurance recoveries from the Per Risk reinsurance program, while losses from Hurricane Idalia were fully retained.
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Loss data going back to 2000 reveals that severe convective storm plays an “ever more important role” in cat losses.
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Experts agreed that investment in understanding wildfire risk had come a long way in recent years.
