Insurers
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More than 4,000 acres are burning as thousands evacuate. -
The move comes amid a restructure of Axa XL’s specialty leadership.
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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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Aviva is targeting £125mn of annual savings within three years of the deal.
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A California ruling could set an important precedent as other courts consider similar cases.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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This puts the total cumulative cash proceeds received at $319mn.
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The company has been buying out Omers’ shares since 2015.
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The move follows objections from the Singapore government.
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Energy has been one of the busiest lines across the market for staff turnover this year.
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Alexander Schlei will succeed Carsten Schulte in his former role.
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The rating agency also upgraded the long-term issuer credit rating.
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