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In a recent report, the ratings agency cited rising loss cost inflations, enhanced market discipline, and growing demand for reinsurance capacity as the industry approaches 1 January renewals. -
The Lloyd’s chief of markets also highlighted inflationary risks as a trend of which to be aware for syndicates.
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Business plans submitted for 2022 have set the market on track to generate a sub-95% combined ratio next year.
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Cat risk-takers are benefitting from some money leaving the sector, but is this disruption creating inefficiencies as well?
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The firm’s senior meteorologist noted activity was in line with expectations on major storms, if not all named storms.
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The cedant is again seeking multi-peril catastrophe cover in the latest deal.
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After Slide completed a $100mn fundraise, the CEO laid out the InsurTech’s plans to launch in five states at the start of 2022 in an interview with Inside P&C.
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States in the south have received proportionally less damage.
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Nearly three months on, the event still seems heavily stacked towards residential claims.
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The carrier has ramped up fundraising activities this summer as it seeks to broaden its platform.
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Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.
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The loss-tracking agency’s claims total for Louisiana rose by roughly $1bn, as losses hitting New York increased by $0.5bn.
