Rates
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The reinsurer was among the blue-chip cedants to benefit from an earlier renewal and occurrence structure.
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Underlying rate increases are ranging from 10-25 percent for US regional insurance binders.
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The main disrupted segments are still aggregate retro and sidecar vehicles, where negotiations over the level of trapped capital have held up the renewal process.
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The (re)insurer pulled two layers of cover from the deal as it affirmed pricing targets on three others.
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A lockup in retro capacity linked to the Japanese typhoons will further encourage reinsurers to raise rates, AIG’s Kean Driscoll said yesterday.
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The Ursa Re 2019 issuance priced at the upper end of the California Earthquake Authority's expectations.
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Pricing for the earthquake notes settled above the midpoints of the initial guidance.
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The industry can put a much better and more accurate price on risk, according to Michael Butt.
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The Kincade Fire in Sonoma County, the Simi Fire in Ventura County and the Getty Fire on the outskirts of Los Angeles are almost extinguished.
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The significant pricing difference between the reinsurance and retrocession markets does not make a lot of sense, TigerRisk president Rob Bredahl said.
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Rates fell back to their Q1 levels after experiencing an uplift in the second quarter of the year.
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As more ILS managers look into setting up rated platforms, commentary from two of the latest firms considering this move highlights the variety of motivations that are driving the trend.