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The primary casualty book was down by “some 26-odd percent from the prior year”.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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M&A activity between 2012 and 2022 garnered long-term returns essentially equal to the relevant market index.
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The CEO said the carrier had identified several areas in its portfolio as having room to grow.
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A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations.
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He replaces Paul Messer, who moves to a group role.
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The carrier shifted away from quota share in a bid to control cat volatility.
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Digital Follow will be launched in the second half of the year.
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AI-centred InsurTechs in Q1 accounted for 28% of all deals in the Global InsurTech report.
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The carrier said it remains on track to hit a mid-80s combined ratio at the end of FY 2024.
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The carrier said rating in the London market came in ahead of expectations.
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The GWP gain was driven by an 11.2% increase in the insurance top line and 11.8% in reinsurance.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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The pair join from Validus Re and Axa XL.
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The launch comes four months after Wakam Syndicate 1347 was placed into run-off.
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Love joins from Scor, where she was assistant vice president, insurance operations.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The legacy deal comes one year after a $1.3bn LPT with Compre covering several lines.
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The property CoR improved by 13.7 points, while casualty and specialty’s deteriorated by 6.7 points.