Insurers
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Top line grew across all carriers even as pre-tax profits dipped. -
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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Property MGA Arden Insurance Services specialises in multi-family habitations.
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The carrier’s profit grew 34% for the year to A$1.35bn.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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