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The 12.2% shareholder has also proposed appointing founder Ken Randall as a company director, with the intention he would act as an executive director if Spiegel is removed. -
The downstream market has been stung by an uptick in claims following two years of healthy profits.
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Odyssey Group’s cyber chief Robert O’Connell is looking to raise up to $1bn of capital for a monoline cyber reinsurer.
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The executive had explored launching an MGA but said it had been hampered by the invasion of Ukraine.
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Piotr Nowakowski joined Peak Re in January from Echo Re and was previously head of product underwriting for Peak Re’s P&C business.
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Despite the carrier’s profit declining, turnover increased by 15% to £19.2mn.
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France’s Gironde region struck by serious wildfire outbreak
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The carrier posted losses from various flooding and hail events hitting Australia in the past year.
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Separately, the lessor has launched legal proceedings against AIG and other insurers for the full value of its $3.5bn insurance claim.
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Zurich is ahead of schedule on its nat cat exposure reduction in the US, the company’s CFO George Quinn said during an H1 earnings call.
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The unit sits within the broker’s climate and resilience hub.
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Underwriters in both London and Singapore are in discussions with the company.
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