Aspen
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Aspen’s CEO will get $325,000 in perks and allowances to depart London. -
Final round bids for the (re)insurer solicited for 29 June, with Argo in the mix.
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The investment yield for Bermudians remained low for 2017, averaging 3.1 percent.
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The Dublin hub will allow the company to continue its EU business post-Brexit.
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Bermuda gross written premium increased by 20 percent to $15.0bn in Q1 2018.
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The Aspen Insurance CEO ousted in January will get most of that amount in additional severance.
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The CEO expects clarity on the carrier's ownership before the hurricane season.
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The Bermuda (re)insurer up for sale topped $1bn in premiums as earnings rose 5.4%.
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A host of companies are bearing the “for sale” sign and the drivers of deal-making remain intact.
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Advisers have struggled to stimulate interest from trade players, this publication understands.
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The five-year agreement is expected to be worth about $30mn.
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Yann Marmonier and Paul Hackett are to join the Lloyd's carrier as part of an Asian expansion push.
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