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The prediction comes after a highly active hurricane season in 2024. -
The insurer also pointed to accelerating growth, M&A to come, and a sub-30% ER.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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The carrier has received 12,300 claims as of 28 March.
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Jeanmarie Giordano joined the company last September.
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The shares will be purchased via the open market or private third-party transactions.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The executive has managed both casualty and personal lines reinsurance books.
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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
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The executive was Everest CEO from 1994 to 2013 and has served as board chair since 1994.
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Sources said that Insurance Advisory Partners is advising the fac MGA on the strategic process.
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The rating allows IQUW to access $1bn in group capital.
