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The fronting carrier will allow the MGA to extend its geographical reach. -
The Bermudian ILS fund was one of the supporting investors in a $123mn fundraise.
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The Italian insurer will target buyers in the agriculture and food sectors, among others, through the parametric partnership.
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The marketplace said $87mn in capacity was offered in the past week's auction.
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The transactions included complex catatastrophe XOL treaties.
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The ILS manager has no current plans to deploy investor capital in cyber underwriting risks.
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Overall reinsurance capacity is becoming harder to source for InsurTechs.
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Tech start-ups are finding it harder to source reinsurance support, a conference heard.
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Hudson Structured founder Michael Millette joins the board of directors after his company led the InsurTech’s latest funding round.
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Aon’s Dominic Christian says a 35 percent cost base for the (re)insurance industry is not sustainable.
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The technology is mature enough to deliver on its promises, according to the B3i CEO.
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Munich Re now has a stake of about 27.5 percent in Next Insurance.
