Aspen
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Other significant reductions in this publication’s running SBF approval tally include Aspen 4711, Markel 3000 and Hiscox 33.
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Paul Lucas reports to Argo group chief actuary Bob Katzman.
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The Bermuda (re)insurer publishes new detail on the valuation methodology after a shareholder alleges misleading information about the Apollo offer. -
Market sources described a frenetic dynamic between underwriting leaders and followers in the verticalised market.
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Active underwriter David Dale says the casualty syndicate has clearance from Lloyd’s to lift stamp capacity by 6 percent next year.
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Harrell replaces Ed Beckwith at Syndicate 4711 as he adds to existing roles of head of international insurance and global head of marine.
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Although estimates for the Q3 disasters vary, in aggregate the events are likely to generate insured losses north of $10bn.
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Industry observers always eagerly seize on the full proxy documents relating to public company deals.
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The company’s pending sale to Apollo could mean Wall Street estimates are somewhat stale, and make a “miss” less meaningful.
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A quartet of companies were in the final running to acquire Aspen Insurance Holdings, with Apollo ultimately winning out.
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Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
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Reith's Lloyd's business is set to bring former Aspen underwriter Martin Jackson on board to write the book.
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