Hiscox
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Leigh Hellrung joins from Farmers Insurance, where she worked for 11 years.
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Hiscox, Beazley and Lancashire all delivered one-off capital returns while swerving casualty issues.
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Syndicate 6104 closed its 2021 year of account with a profit of 4.1%.
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The deals cover 42% of the carrier’s casualty reserves.
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Continued geopolitical and climate uncertainty will hold up pricing.
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The London-listed carrier announced a $150mn share buyback.
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Gareth Wharton announced his exit after nearly 18 years with the company in a post on LinkedIn.
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The carrier said the model will enable underwriters to offer lead quotes in just three minutes.
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Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
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Cat losses were within budgets despite high levels of minor events.
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CFO Paul Cooper said rates would be increasing “steadily to modestly” come 1 January.
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The carrier said that aggregate nat cat losses year to date are within budget despite an "active" third quarter.
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