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Insurance
JLT Re is excited about its position in the industry and is investing heavily in its business, especially with all the activity in the hurricane season, according to global CEO Mike Reynolds. 13 September 2017
Insurance
It has been a remarkable year in the alternative capital market and all sectors are continuing to grow, Cory Anger, global head of ILS origination and structuring, GC Securities, told Monte Carlo Today. 13 September 2017
Insurance
Providers of alternative capacity to the risk transfer business will not be spooked by the series of hurricanes that have hit the US, despite the high losses and the fact that the trajectory of the storms was unusual, David Flandro, global head of analytics JLT Re, told Monte Carlo Today. 13 September 2017
Insurance
Assurant said on Sept. 11 that it expects pre-tax losses from Hurricane Irma to exceed its retention of $125 million pre-tax but that they will remain within the company’s comprehensive reinsurance program. 12 September 2017
Insurance
AXIS Insurance, a part of Bermuda-based holding company AXIS Capital, has hired Christina Tom as vice president, renewable energy underwriter. 12 September 2017
Insurance
Lloyd’s is expected to be among the hardest hit from Hurricane Irma, according to a Sept. 11 Moody’s report. 12 September 2017
Insurance
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide. 12 September 2017
Insurance
As losses stemming from hurricanes Harvey and Irma become clearer in the coming weeks and months, buyers will be reevaluating the nature and value of some of the reinsurance structures they’re purchasing, Charles Goldie, CEO of worldwide specialty at PartnerRe, told Monte Carlo Today. 12 September 2017
Insurance
Rates will harden in some lines of business hit by loss events such as the Ogden rate change in the UK motor market, and nat cat in North America due to an above-average hurricane activity, according to Hannover Re. 12 September 2017
Insurance
Markel will provide a robust and rapid response to its clients caught up in Hurricane Irma, according to Andrew Barnard, the company’s senior managing director, head of international property catastrophe and retro reinsurance. 12 September 2017
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