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Hannover Re posts Q1 P&C re CoR of 88% in low cat quarter
Large losses came to EUR52mn with low retro recoveries.
Opinion
Florida reinsurance supply outpaces demand as top layer rates cut
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
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Nephila wins $300mn mandate from Florida SBA
09 May 2024
Cession ratios declined at three of the four publicly listed Floridians.
The Mexican government’s IBRD quake bond priced 4% ahead of guidance.
The flat growth is a result of multiple forces influencing capital flows in both directions.
Increased ILW purchasing reflects cash-rich funds looking to protect return levels.
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