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Growing economic and population exposures are driving potentially larger insured losses. -
This year’s ceremony will include the inaugural Women in ILS Award presentation.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Insured losses were the second highest on record for the first quarter.
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Sykes has spent over 31 years with Aon, with the last 15 of those in Guernsey.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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The cat bond market surpassed $50bn by the end of Q1 2025.
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
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The acquisition expands its global employee benefits business to ~4,000 global employees.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
