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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply. -
The syndicate will be managed by Polo Managing Agency.
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The deal adds a forward-flow, giving Compre the option to reinsure additional future years.
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Oaktree will fund the syndicate and act as investment manager for its assets.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Charlotte Pritchard is set to succeed Andrew Creed, effective 5 January.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The transaction is subject to regulatory approval.
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The company had argued the judge missed key info when dismissing the case.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
