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Insurers are increasingly trying to push attachment points for excess layers up to $10mn. -
Rates are now falling, but submissions are still rising, according to wholesale brokers.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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Insurance Insider US dissects the largest and hottest deals of the year across segments.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
