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Insolvencies caused by the tariffs could also cause increased losses -
The sale price represents Elephant’s approximate net asset value.
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The executive will define strategic priorities and guide global growth.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
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The acquisition will position Ageas as one of the top three UK personal lines insurers.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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The book of business comprises both personal and commercial lines.
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The announcement spurred a quick spike in stock market valuations.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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Swiss Re and Talanx led the gains among listed European carriers.
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The carrier has received 12,300 claims as of 28 March.
