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Beauregard had led Beazley's onshore drive into the US large account space.
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Billions of dollars of additional quota-share cover will also be purchased.
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The earnings fell short of consensus estimates partly due to lower investment returns
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The carrier posted a loss as a rise in net earned premiums failed to offset cat losses
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The insurer said that one good quarter was not enough to “declare victory” in its turnaround effort
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The MGA enters the London construction market following a number of carrier exits.
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The company reported operating earnings per share of $2.19, beating Wall Street consensus estimates of $1.87.
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He joined the Dallas, Texas-based holding company last week to focus on the program insurance sector.
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The insurer reported net income of $37.4mn for the quarter, a jump of 275 percent year over year.
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The loss estimate for last year’s windstorm has risen from EUR255mn as of April.
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AIG Europe Ltd will divide into two separate entities as the UK negotiates its exit from the European Union.
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WR Berkley beat Wall Street consensus estimates, with results benefiting from higher income from investment funds.