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The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’. -
The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
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The reinsurer has cut the cession rate to 33% from 40% last year.
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Theokli joined the company in 2021 as a senior underwriter.
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A negative January return will be unprecedented for ILS industry.
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Company touts growing investor demand for Asian cat risks.
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Several new awards are up for grabs at this year’s event.
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The vehicle is smaller by 8% as White Mountains’ participation grew.
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