Insurers
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AIG made the shock announcement earlier today that John Neal is not joining the insurer. -
The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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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 power market is experiencing double-digit rate reductions.
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The move to launch a second syndicate was reported by Insurance Insider in June.
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Carriers must position themselves as underwriting bifurcates.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The underwriter departed Allianz earlier this year.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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Specialised service providers like CDK can pose more frequency risk than global operators.
