Case highlights rising trend in financial complaints
Roxanne Libatique Jan 04, 2025
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Major figures in the market revealed
Demand only rose by 5%
The new phase follows an extended period of rate increases across the sector
Performance comes from higher reinsurance prices, stricter terms, and property catastrophe attachment points reset
RiverStone International Ireland assumes full responsibility for the portfolios
It will provide the insurer $375 million in collateralized reinsurance protection
Policy cover of up to US$1 billion per accident also unveiled
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