Allianz
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The information-gathering exercise for large insurers and banks won’t dictate capital requirements.
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The recruit has spent 16 years at AGCS in senior roles.
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The central bank governor said such a move would require ‘robust data.
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The outgoing chief has led the German carrier’s UK business for eight years.
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The executive says that AGCS is ready to pursue growth after renewal rates rose 22% in the first quarter, following 26% expansion for 2020 as a whole.
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The combined ratio for AGCS improves by over 19 points as the division swings EUR81mn into the black.
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Maria Grace had been with Everest since 2016, and was previously an executive within AIG’s Lexington unit.
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The carrier has widened the scope for businesses linked to coal that it will not insure.
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The four-year agreement covers professional indemnity, D&O liability, crime and pension-trustee liability.
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Trade association research found that women make up only 27% of directors at 31 member companies surveyed.
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The executive will be replaced by CFO Holger Tewes-Kampelmann.
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QBE is said to be a fourth potential bidder.
