Axa
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$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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The incoming chair has worked for the EU and government ministers. -
The carrier increased US-exposed reinsurance limit by EUR250mn but almost halved its group aggregate.
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Parent Axa reiterates its target of EUR1.2bn of earnings at the unit this year as it unveils an ADC deal with Enstar.
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The government removes a previous cap of 49% in its budget.
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The Principles for Responsible Investment were launched in 2006, with Hannover Re, Liberty and Everest Re among other signatories.
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All major entities will implement the scheme by the end of 2021.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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Plus a mixed week for Lloyd’s, the asbestos potential of Covid-19 claims and a round-up of our most-read stories from the week.
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Newcomer Tara Foley was previously managing director at Lloyds Banking Group’s Bank of Scotland.
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The carrier claims the Paris court decision runs counter to judgments in Toulouse and Bourg-en-Bresse.
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The auction process of the EUR615mn-revenue business could start within the next few weeks, according to Bloomberg.
