Emerging risks
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Property MGA Arden Insurance Services specialises in multi-family habitations. -
It is targeting $25mn GWP this year and $50mn GWP in 2025.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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The carrier is designing an investable portfolio of long-tail risk.
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Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
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The broker said the risk from wildfire is also set to increase substantially.
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The report outlined 17 recurring and emerging risks (re)insurers should be aware of.
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The insurer can issue policies for mid-market clients in France, while its existing portfolio will still be serviced by the MGA.
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The firm also hired Aspen’s Crystal Ottaviano as global risk solutions chief risk officer.
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The property reinsurance market may be fast approaching a true ‘hard’ market, the broker said.
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In his new role, the executive will work directly with Steve Tulenko, president of Moody’s Analytics.
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The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.
