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Plus, the latest people moves and all the top news of the week. -
The transaction is expected to have a price-to-earnings multiple of 11x.
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Aviation reinsurance reserving issues will also be a broader focus for the market.
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The French carrier’s first-half revenues were driven by 6% growth in P&C.
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A majority of staff not offered jobs at Ryan Re will remain at Markel to manage the run-off.
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The Miami-based executive assumes the role left vacant by April McLaughlin.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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The CEO said business remains adequately priced in most classes.
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