Renewables
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The targeted uplift comes after Mercury ceded nearly $1.3bn of wildfire losses to reinsurers in Q1. -
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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The peril can no longer be considered secondary, according to Gallagher Re.
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The business will service clients in the agriculture, renewable energy and construction industries.
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At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
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Guy Carpenter was the sole placing broker sourcing capacity for the tie-up.
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Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.
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The price for risk carrying is no longer insufficient, Munich Re's CEO said in a Monte Carlo briefing.
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The carrier said geopolitical factors had given “new urgency” to the green transition.
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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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Responsible investing in ILS requires “look-through data transparency”, the association says.
