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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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After a challenging period, the industry is now earning above its cost of capital.
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The executive said that outside of property cat, renewals will be “relatively stable”.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The Bermuda carrier brought a winding-up petition earlier in October.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The appointments are aimed at offering a clearer team structure.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The two lines will add £11mn in planned premium.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Class actions and third-party litigation funding will drive up losses.
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In July, he took the role on interim basis from Laure Forgeron.
