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Reinsurers are talking about a new era of elevated risks, but their behaviour may signal a more relaxed view heading into 2022. -
Frederick Streeton will join in September from Liberty Mutual Group, where he was head of underwriting strategy for the its global risk solutions business.
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Jasmine DeSilva will work on strategic initiatives and business development for the ILS services provider.
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The flooding that took place in mid-March across Australia’s east coast states was labelled the worst in 60 years.
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The November gathering will aim to combine a virtual segment and a “scaled-down” live event held in line with health and safety protocols.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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As new regulations on climate risk disclosures are developed, insurance industry argues for a measured approach.
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The AJ Gallagher CEO said rate increases are providing tailwinds while the M&A pipeline remains strong.
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It estimated that 2021 natural peril claims would be significantly more than its allowance.
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The spread fell by 17% from the mid-point of what was initially marketed.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
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The Australian insurer said it received approximately 3,750 claims relating to recent flooding, as the low deductible on its losses implies it may trigger a dropdown or aggregate cover.
