Buyback pressure grows as hard market hopes dwindle
After two consecutive quarters of relatively benign losses
helped capital to recover to record levels, Bermudian (re)insurers
have spoken favourably about using share buybacks to take advantage
of weak sector valuations.
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Unsurprisingly, the lack of profitable opportunities
to deploy capital and make attractive returns through underwriting
and investments has put capital management high on the list of
potential levers available to generate a more compelling investment
narrative.
Aspen CFO Julian Cusack summarised the state of play: &qu...
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