Insurers
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Claude Wade is to step down from his role to address ongoing health issues. -
There has already been an influx of new capacity from MGAs into the power market.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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This is the first rate filing to use the recently approved Verisk model.
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The company was hit with a data breach on July 16.
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Top line grew across all carriers even as pre-tax profits dipped.
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Nat-cat events triggered A$1.36bn of losses during the year.
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The overseas division booked a combined ratio of 94% for the quarter.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The insurer has substantially expanded its marine team in recent years.
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