Bermuda
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The executive talks over the landscape for the reinsurer as work to close the $9bn disposal by Exor continues. -
The ILS fund manager’s parents makes hundreds of millions of dollars of capacity available.
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The expenses were made public in a disclosure to investors on Friday.
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The embattled majority owner of Sirius blocked a planned rights issuance last week.
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Scor shares slip on its largest shareholder's takeover agreement.
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Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers.
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The reinsurer has made strong underwriting gains by focusing on higher-margin business.
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The carrier looks to capitalise on a pricing correction in the class.
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Losses at StarStone narrowed as the carrier cut premiums while Atrium profits were up 90 percent.
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The outgoing chairman will be replaced by the former banker, who has been Axis’ lead independent director since 2012.
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The Bermuda carrier will take a 29.5 percent slice of the listed trade credit insurer but rules out a full bid for at least 12 months from the deal closing.
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