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Ceding commissions remain elevated but primary rates are improving reinsurer margins. -
The broker said the casualty segment is approaching an “inflexion point”.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Overall, insurance rates fell by 1%, led by competition in property.
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Previously, Thomas Long was an AVP for construction at Arch.
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Plaintiff Ionian has alleged a “fraudulent scheme” under the Rico laws.
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He will oversee the launch of Tokio Marine’s new excess casualty line.
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The magnitude of the hurricane may impact reinsurers’ capacity deployment.
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
