Bermuda
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The carrier is looking to latch onto emerging economic trends where it can add expertise. -
The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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The London-based MGA will begin underwriting its international book next month.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Habayeb will start next May following Kociancic's retirement.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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David Croom-Johnson will now focus exclusively on CEO duties.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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The Bermuda carrier brought a winding-up petition earlier in October.
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Plus, the latest people moves and all the top news of the week.
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The company reported no cat losses but saw a jump in attritional losses.
