MS Amlin
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The upstream market is now in softening territory, with capacity still abundant. -
Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.
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Parent MS&AD highlighted “strong underwriting fundamentals”.
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Paul Keaveney leaves Zurich after nearly a decade with the carrier.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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The subsidiary’s financial result swung from loss to profit for the period.
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Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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MS Re reported a net profit of $366mn, which was hailed as a “watershed” for the company.
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The ratings agency said the upgrade reflected MS Re's “very strong” balance-sheet.
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The executive will be based in Zurich and report to international CUO Joerg Bruniecki.
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Simon Morgan will succeed Sam Geddes as head of property and allied lines.
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He will oversee the syndicate’s catastrophe modelling capabilities.
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