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This is the latest of 27 ministerial and civil service resignations so far, as the PM battles on.
The carrier has appointed Fidelis’ Arif Rahman the head up the facility.
The company has extended its Munich Re quota share for three years.
The FCA’s executive director of authorisations Emily Shepperd has described how the watchdog is resolving a lengthy case backlog.

RenRe: The lonely road of the contrarian pure-play reinsurer

RenaissanceRe has always been a business with strong convictions and an assured management team, willing to carve out a path distinct from competitors.
Following the war in Ukraine, sources expect an uptick in reinsurance costs, a decline in risk appetite and business moved away from market facilities.
Sources described Australia as ‘the new Florida’ while US rates are also on the rise.
Are we set for the shortest softening D&O market ever?
As London market carriers encourage parental leave take-up, Insurance Insider explores whether the HR benefit can be a tool to tackle the industry’s diversity issue.
More News
Rate increases are now universal in the property cat markets, the Gallagher Re executive said.
As the Aegis London CEO retires this week, he revealed his key lessons from over three decades in Lloyds – and what has to change if the market is to survive.
The firm, which has backing from CDPQ, General Atlantic and Hg, has spent $4.8bn across four deals in under two years.
The president of BHSI’s UK and European operations outlined to this publication expansion plans for the $1bn-premium division.
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