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Reinsurance data in 2023: Cedants manage cessions in hard market
Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
Research
The carrier’s comments on claims severity should serve as a warning for the industry
New leaders of these reinsurers have started strong, but Axis still has work to do.
AIG sees improvement from tightened underwriting, though value creation has yet to catch up.
Industry results look good despite recent GDP/CPI numbers, but there is still cause for concern.
Latest news
The FTC issued a final rule on April 23 banning the use of non-competes nationwide.
The underwriters will receive a 30-day option for an additional one million shares.
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
Across three offerings, Victor increased coverage maximums by $33mn.
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Opinion
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The early close of the NFP deal is a slightly awkward-looking win for Aon
Adam McNestrie and Ben Wylie
Floridians make early reinsurance progress
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
Most Read
The firm doubled its premiums in the past three years after launching in specialty.
The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
The MGU is exploring additional third-party capital relationships.
May and June takeout requests for Citizens are exceeding expectations.
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