Treaty Reinsurance
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The Californian specialty property insurer's scaled-up programme provides coverage of up to $1.2bn for earthquake events.
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The leadership changes further the carrier’s simplification of its reinsurance operation.
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The loss tally includes a $7bn estimate for Typhoon Faxai and $8bn for Typhoon Hagibis.
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Modest gains follow a broadly flat European cat treaty market for 1 January.
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The Corporation reverses last year’s stamp capacity contraction as market conditions improve.
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Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.
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The carrier appoints two senior staff to the executive committee and will split the operations department into finance and IT functions.
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The reinsurance intermediary is expanding its presence in the Florida market.
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Pete Chandler takes over from Steve Korducki as CEO of the division.
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The consensus is well below earlier fears of $15bn to $16bn of losses.
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Rivera replaces Andrew Perry following his move to Lockton last month.
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The executive will work alongside Diane Link, who joined Munich Re Specialty Insurance in April.
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