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Generali Group is buying Liberty Seguros' operations in Ireland, Northern Ireland, Portugal and Spain for $2.5B in an all-cash deal.

Following closing, Re Solutions CEO Asaf Grinstein will become CEO of Guy Carpenter Israel.

The reinsurance market was already struggling at the start of 2020 from such pressures as social inflation and wildfire exposures. Then, along came COVID-19.

Reinsurance, which still has plenty of capacity shows a slowdown in the rate of price decline, and innovation remains the key to meeting customer demands.

Prices charged by reinsurers for annual contracts renewed this month declined for a second straight year amid an absence of costly disasters.

Guy Carpenter survey examines key drivers of profitability and threats for the coming year

Risks related to terrorism, compensation structures for long-term bodily injury, and casualty catastrophes are still emerging.

Risks related to terrorism, compensation structures for long-term bodily injury, and casualty catastrophes are still emerging.