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Insurance
Large losses such as those from hurricanes Harvey and Irma are unlikely to have an impact on the dynamic or structure of the reinsurance market, Andrew Newman, president and global head of casualty at Willis Re, told Monte Carlo Today. 13 September 2017
Insurance
Losses from hurricanes Harvey and Irma could take a long time to be resolved and could hit lines of business the industry may not have considered, according to John Warwick, managing director and partner, ILS Capital Management. 13 September 2017
Insurance
Hurricanes Irma and Harvey, which have caused high losses from wind and floods in North America, are unlikely to affect retrocession prices, Arno Junke, the CEO of Deutsche Rück, told Monte Carlo Today. 13 September 2017
Insurance
UK law firm Bond Dickinson is to combine with Womble, Carlyle, Sandridge & Rice, which is mainly based in North and South Carolina in the US. 13 September 2017
Insurance
Nexus Group is eyeing future M&A deals to diversify and strengthen its managing general agency (MGA) portfolio after its recent acquisition and rebrand of a reinsurance treaty MGA from ZON Re, which it renamed Nexus Re, founder and executive chairman Colin Thompson told Monte Carlo Today. 13 September 2017
Insurance
The market needs to be cautious about what the full impact of hurricanes Harvey and Irma will be, in terms of both what the final losses might be and how these may impact rates, according to Patrick Haveron, president of Maiden Re. 13 September 2017
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
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