Swiss Re
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The reinsurer said it will look to double rates and retentions and halve the amount of override on casualty quota shares. -
Flagship sidecar funds run by Stone Ridge and Amundi Pioneer lost 12% and 5% respectively last week.
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The storm is not expected to be a threat to the order of Jebi or Hagibis.
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Social and medical inflation have already been factored into the company’s reserves.
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The carrier said geopolitical factors had given “new urgency” to the green transition.
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ILS risk-sharing should stick to peak risks, the reinsurer argued.
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Insured losses in 2021 alone hit $20bn.
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The executive will work to help corporations understand and mitigate the threats posed by climate change.
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Performance is expected to recover in H2 due to rising rates, the broker-dealer forecast.
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If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.
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Swiss Re’s advisory firm aims to offer investment management services to third-party investors.
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It is launching the new capability through a new SEC-registered investment advisory firm.
