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Fema's traditional reinsurance programme will attach at losses of $7bn and above. -
Ceding commissions remain elevated but primary rates are improving reinsurer margins.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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The UK and Ireland have also seen “increased activity”, with four deals announced.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The carrier increased specialty premium by 39% by the nine-month mark.
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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
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Nicola Gaisford joined RiverStone from R&Q last year.
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The firm will provide an update on November 22 to avoid holiday season.
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The broker said the casualty segment is approaching an “inflexion point”.
