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The MGA’s US clients will now have access to London market capacity. -
The traditional R&W product is seeing an increasing number of large losses.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
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He emphasized that Consilium is a private business and intends to remain one.
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The latest cat event may not be enough to change the overall market, he added.
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Casualty reserve concerns continue to mount as releases remain elevated.
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The company is on target to write around $700mn in premiums this year.
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This year's modelled outputs have increased across all return periods.
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The company did not take questions on its recently announced business review.
