Reinsurers
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The cost of reinstatement was included in $170mn wildfire net loss figure. -
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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The firm has rotated capital in sidecar Voussoir toward direct investor relationships.
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Hurricane Milton accounted for 60% of the firm’s Q4 large loss tally.
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A higher loss quantum will put a greater burden on retro programmes.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The firm said the appointment would support its ambitious growth strategy.
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The bond is likely replacing the 2021-1 Class F bond, which matured in December.
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The storm is likely to be one of the costliest weather events in Canadian history.
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The executive has also worked for Guy Carpenter during her 20-year career.
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The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
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The reinsurer has cut the cession rate to 33% from 40% last year.
