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Kian McCarthy, Arjan Tichelaar, Antonio Simone

25 October 2023Insurance

Buyers are turning to facultative business to plug holes

The 2023 reinsurance reset in property cat business which largely shifted volatility from reinsurers to cedants, acted as a catalyst for the facultative market. Brokers were suddenly dealing with a lot more demand for ultra-bespoke solutions, facultative leaders at broker McGill & Partners have claimed.

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