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The Jay Rittberg-led program manager kicked off a strategic process in August. -
Howden is facing fallout from its push into the US retail market via mass hires.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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Sam Geddes will join Syndicate 1918 next year in an executive leadership role.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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The company noted tougher market conditions and higher large losses during the year.
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A roundup of all the news you need, including KKR and Quadrantis’s new stakes in Peak Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The investor has made four new investments post-H1.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The London-based executive will relocate to Daytona Beach, Florida.
