Bermuda
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The new venture would mark the third follow-only syndicate to come to light this year. -
The spectre of wholesale trapping of capital ahead of 1 January is further dislocating the market.
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The shares change hands at a 0.6 percent premium to the undisturbed price, though more than 5 percent below Tuesday's close.
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Shares in the carrier rise more than 4 percent in the New York morning.
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Property cat and D&F at 1 June, Aon pay cuts and industry pandemic response efforts
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Hannover Life Bermuda chief Cardinez has been promoted to the role.
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The executive was believed to be in line to succeed CEO Mark Cloutier.
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At least one other PE house is understood to remain in the process.
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The mutual’s retreat reduces the prospect of a sale of its Scor stake.
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The move comes after AM Best last week cut the carrier’s FSR to A.
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Britt Reiss joins as Bermuda partner and director.
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The CEO says the carrier is committed to winning back its A+ Superior rating.
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