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Double-digit price declines in property cat reinsurance likely to persist, says JP Morgan

JP Morgan, the US-based global investment bank and financial services company, expects double-digit price declines in property catastrophe reinsurance to persist into 2027, as strong industry profitability, relatively low natural catastrophe losses and an influx of capital continue to put pressure on rates. The reinsurance market, and notably property and property cat lines, have been…

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Lloyd’s syndicate Cortina launched by Aon and Blackstone funds with QBE as managing agent

Cortina syndicate 1956, a new syndicate at the specialist Lloyd’s insurance and reinsurance marketplace that will provide dedicated, multi-year reinsurance capacity, has been launched by global broking group Aon and funds managed by large alternative asset manager, Blackstone. The plan is for Cortina syndicate 1956 to commence underwriting from January 1 2027, having received Lloyd’s…

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