Property
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A hurricane watch is now in effect for the Louisiana coastline. -
The carrier said European cat business needs further price improvement.
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Some Canadian cedants have approached the market for top-up cover.
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Guy Van Hecke has spent the last 26 years working at Axa, starting at Axa Corporate Solutions.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The loss has increased by 1.4% since the company’s first assessment.
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The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The US carrier abandoned the project due to high price expectations.
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Urban expansion, climate change and inflation are key drivers of losses.
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The subject business of the deal is Ascot’s ~$1bn property portfolio.
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The rate change will be implemented in November.
