Treaty Reinsurance
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
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Maya Bundt says insurers can do more to advise insureds to treat cyber like they would ESG concerns. -
The executive, based in Chicago, is a former broker and joined Argo’s ceded re team from Allied World in 2020.
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The executive takes over from Megan Thomas, who left to become the CEO at Hamilton Re in September.
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The Australian carrier centralises its inwards reinsurance operation within the international segment.
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Berkley has said it will offer 100% reinsurance protection for clients, or will happily share risk with cedants.
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Companies with strong brands still fall down on “traditional success criteria”, the InsurTech head says.
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RenaissanceRe, Tokio Marine Kiln, Chaucer and Talbot also provide capacity for the consortium, which specializes in reputational risk.
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The utility did not disclose which insurers would receive payments.
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The executive was previously an underwriter at Chubb Tempest Re and Odyssey Re.
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The transaction, announced in December, covers around $130mn in premium for business in CT, NJ, MA, and RI, helping HCI expand beyond Florida.
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The move is part of a wider expansion in BMS’s reinsurance broking capabilities.
