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The program will succeed the previous buyback launched in 2023. -
The platform could help reduce claims-cash holding times by 10 weeks.
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The CUO noted that market-wide rate change in Q1 was down 3.3%, coming in below plan.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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The executive has spent 10 years in a range of roles at the Corporation.
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Competition is high in specialty reinsurance as new capacity enters the market.
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Specialty reinsurance has experienced high competition for talent.
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A roundup of all the news you need, including Allianz’s Q1 results.
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The carrier’s overall P&C combined ratio improved 0.1 points to 91.8%.
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The undiscounted combined operating ratio worsened slightly to 96.6%.
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Renewable retrospective solutions were a key point during the discussion.
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The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
