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It is understood around $1bn of premiums could be ceded to the proposed vehicle. -
Improved performance and growing investment returns played a role in the upgrade.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The tropical cyclone is expected to be named Imelda.
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Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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Arch set up Bermuda investment manager Arch Fund Management in February.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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The volume of property cat aggregates placed grew 50% in 2025.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The group claims the White House is undermining disaster preparedness.
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The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
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The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
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American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
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The estimate covers property and vehicle claims.
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The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
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Both organisations still predict an above-average hurricane season.
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Aspen’s gross premium cession ratio grew 7.1 percentage points to 42.2%.
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The Texas insurer of last resort previously had to have funding for a 1-in-100 year storm.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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