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The broker reported that global reinsurer capital reached a record of $695bn as of June 30. -
Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The transaction complements its previous acquisition of RMS in 2021.
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Rate increases on primary liability placements range from 10% to 20%.
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The report predicts a 1-in-250-year cyber event could see over $100bn in losses.
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Umbrella was the exception, ticking up slightly on the month.
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The take-private is expected to close by mid-2025.
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The top three states averaged a 3.7% year-over-year gain, compared to July's 16.1%.
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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
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The US carrier abandoned the project due to high price expectations.
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Portfolios of clients of varying size in the same region aggregate more risk.
