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Analysts were interested in the potential for fee income from the retail division. -
HCI secured three towers with $3.5bn in XoL coverage.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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The executive will remain CEO of reinsurance until 1 September.
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Chris Jones told this publication his plans for the first six months of his tenure.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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Frustration is growing around a promised independent operating model and staff reward.
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Lee Mooney will replace Neil Galjaard, subject to regulatory approval.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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