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The retro writer said its 2017 portfolio loss would rise to 41 percent of net asset value.
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Given how much of its asset base was locked up if not lost, the fact that it pulled off the feat of bringing in more than $2.3bn to enable it to renew its portfolio for 2018 was impressive.
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The sector’s investment gains came at the same time cat losses caused a decline in net income.
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Raymond James cites an improving combined ratio for making the homeowners' insurance provider a strong buy
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The deal is the first since Darag and New Nordic forged their partnership.
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This publication's latest legacy survey finds the sector is having something of a “moment”.
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Simon Hawkins will join the legacy carrier in the third quarter.
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Axa will have no problem funding its $15.3bn takeover of XL Group but the disappointing IPO of Axa's US life insurance business will make it harder to sell the acquisition.
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The insurance group bolsters the leadership of its motor broking businesses.
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Pricing for the insurer's US life IPO falls short of the $24-$27 indicative range.
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Snow and hail cause $1.2bn of insured losses in Europe, Impact Forecasting says.
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Shareholders to vote on run-off resolution for London-listed fund.