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The executive has worked at Aon for almost two decades. -
Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The broker has noted that double-digit reductions are increasingly available in property.
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Matthew Flynn joins from RenaissanceRe.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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In the US, the index fell 6.7% year on year.
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The measure could have landed insurers with extra tax on US business.
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A group of Bermuda staff also left the broker.
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David Baldwin joins from EIRS where he was a senior reinsurance consultant.
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The carrier previously raised a Finca Re cat bond in 2022.
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The carrier previously redeemed from a Herbie Re cat bond for California wildfire claims.
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The headcount at the start-up now stands at around 40.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The buzz in the air at ILS Connect told of a market entering its next growth phase.
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The unit’s premium reduced by 4% for the first quarter.
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Investor interest and capital flows point to potential for ILS proliferation.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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Suzanne Wells is also joining the company from Arch as COO.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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