Stocks
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The announcement spurred a quick spike in stock market valuations. -
Markets have taken a battering across the globe following the “Liberation Day” announcement.
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Insurance share prices were more resilient than the US stock market.
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Indirect exposure to cat risk through long-term investors gives Markel optionality.
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Both carriers have extensive reinsurance coverage.
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The UK listed investment manager has almost doubled its ILS allocation since April last year.
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The role will focus on international treaty, specialty lines and strategic advisory.
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The firm ceded $417mn of premiums to the sidecar in 2024.
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The investors are led by PE firm NMS Capital Group.
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A higher loss quantum will put a greater burden on retro programmes.
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Wildfire is rarely singled out as an exposure that can shift portfolio outcomes.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
