AIG
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Three Lloyd’s syndicates have indicated they will close in the last month. They wrote $670mn combined in the last year disclosed.
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Speaking during a conference in New York, the executive said said P&C pricing into 2020 would remain “disciplined". -
The underwriter will return to Singapore, where he previously worked in a commercial property role.
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Jason Rollins, Nadir Durrani, Neeraj Jeswani and Jessica Whiton have joined the carrier.
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The ratings agency said the transaction reduced the carrier’s exposure to higher risk legacy products.
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Carlyle and its investors will own 71.5 percent of the entity, which acquires life and property and casualty assets in run off.
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An unsuccessful appeal against the claim by 23 former UK executives could encourage similar actions by ex-employees in the US.
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The executive said a lockup in retro capacity, linked to Japanese typhoons, will further encourage reinsurers to raise rates.
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The retailer’s QBE-led political risk programme faces record claims.
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Allison Barrett will move to the carrier from a senior financial institutions role at Willis Towers Watson.
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Aon and Willis Re will place the global XoL, with Guy Carp placing international.
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Inside P&C analysts applaud loss ratio improvement but note there is more work to be done on expenses and capital efficiency.
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