Aspen
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Philip Hough leaves Singapore to focus on his role as global head of property, based in Zurich.
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The industry veteran is credited with having built Arch’s well-respected mortgage credit business. -
Plus the implications of the X-Press Pearl sinking and all the top news from this week.
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The company is accused of “brazenly cheating” Andrew Kudera of his own money and of owed compensation, the lawsuit states.
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The newcomer replaces Andrew Kudera, who was hired in January last year but has now left to pursue other opportunities.
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The new logo and slogan follow a year of progress in the carrier’s turnaround plan.
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She joins Axa XL executive Kelly Lyles and ex-Zurich Insurance exec Thomas Huerlimann.
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Aspen’s outwards reinsurance team now also joins the carrier’s capital markets unit.
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The ratings agency also affirms the carrier’s financial strength rating of A.
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The executive says the carrier made strides last year in its underwriting and is well positioned for growth.
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Catastrophe losses more than doubled to $360.8mn, which included $181.2mn of Covid-19 losses.
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The appointment reflects a diversification push at the carrier.
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