Service provider
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The offering is born out of software Ledger developed to manage its own portfolio since 2021.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The firm will support administration of casualty ILS and other data-rich transactions.
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The ratings agency first indicated it would consider a new methodology in March.
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Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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The economic loss from the event was around EUR7.6bn.
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Losses were primarily driven by personal property lines.
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The tech firm is building a joint stock company with insurers and investors.
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Scott Cobon's most recent title was MD, insurance management services.