Convex
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The London market is not expected to shoulder the bulk of the eventual loss. -
Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The specialty MGA has been pursuing an M&A strategy in recent months.
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Growth came across all lines, and losses from catastrophe events were within expectations.
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Syndicate 1984 is set to begin underwriting next month.
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Syndicate 1984 will be backed by Names under a modified freehold arrangement.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Lloyd’s entry is a modest start for the London heavyweight but could be the beginning of something bigger.
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Syndicate 1984 will have Names capacity and be managed by Asta.
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The upstream market has undergone a period of high personnel movement.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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