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The company has been buying out Omers’ shares since 2015. -
Rates are turning negative, and the balance of power is shifting towards the brokers.
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The move follows objections from the Singapore government.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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Reducing duplication of reporting is key, the association said.
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The carrier said its P&C and L&H reserves have been confirmed by independent reviewers.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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The appointment is a “major part” of Zurich’s global strategy, the company said.
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Gabriel Ewing has held senior roles at WTW in the transactional risks team and at Marsh.
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The scheme has been pushed back by three months to 31 March 2025.
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The rating agency also upgraded the long-term issuer credit rating.
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Higher cat losses and more casualty reserving could bring profits below 2023 high-point.
