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The carrier estimated its net Helene and Milton losses at under EUR200mn. -
Although the worst of the rainfall has passed, the “devastating episode” may not be over, Spanish prime minister Pedro Sánchez warned.
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The investor has paid in an extra £12.5mn for an additional 5% holding.
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Gabrielle Folliard has worked at Canopius since 2019.
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The Goldman Sachs-backed broker will buy out BP Marsh’s stake.
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Over the period, the Spanish carrier’s reinsurance segment expanded profit by almost 10% year on year.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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The MGA said there was a “notable imbalance” between supply and risk exposure in the D&O space.
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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover.
