Reinsurers
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The deal to reopen the government also extended the NFIP. -
The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The charity said that improved ecosystems could help protect from disasters.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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Widespread underinsurance and low exposures will limit losses.
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The Bermuda carrier brought a winding-up petition earlier in October.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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The FIO said it will work with regulators on coverage for digital assets.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The regulations are designed to address long-term solvency concerns.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The global insurer will need to convince investors on the quality of the book.
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Jason Keen joined Everest in 2022 as head of international.
