Treaty Reinsurance
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Tower Hill Insurance Exchange has completed its 2023 Florida reinsurance program, which offers nearly $2bn for catastrophe cover, including all perils. -
The program “exceeds regulatory and rating agency requirements and provides coverage for multiple catastrophic events”.
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This compares to the subsidiaries’ 2022-2023 reinsurance tower, in which they secured coverage for losses up to $3.16bn.
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The group exited an off-strategy business at an attractive valuation – now it must give a clearer indication of where it is going.
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Twia placed a $2.92bn reinsurance program with broker Gallagher Re, with a retention of $2.97bn.
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Based in Miami, the executive joins BUA as partner, working alongside managing director and CUO Juan Calvache.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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First event reinsurance tower exhaustion points are $1.3bn for the Northeast, $1.1bn in the Southeast and $870mn in Hawaii.
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The carrier's global reinsurance panel is led by Arch Re and encompasses 43 other reinsurers, including multiple Lloyd’s syndicates.
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The move follows a rebrand completed in November 2022.
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