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A rival Compre-Hudson bid group fails to disrupt the Premia offer.
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The portfolio holds almost $200mn in net reserves.
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Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.
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The executive also played down competition in the legacy space. -
Despite the company having excess capital to buy back stock, Braun says his hands are tied on returning capital to shareholders.
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Wind speed is slowing as the hurricane moves north.
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The Category 2 hurricane speeds up slightly as it beats an unprecedented path.
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Along with Florida insurers, some reinsurers' stock prices also increased as the storm stayed away from its initially projected path.
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The storm has slowly started to move northwest away from Grand Bahama where it has been stationary for more than a day.
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The hurricane had been stationary over Grand Bahama but is now slowly beginning to move.
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Axa XL leads the Arkansas-headquartered food company’s property programme, according to market sources.
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The state-established company will take control of the P&C, life, pension and asset management operations.
