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The bridge collapse added 9.8 points to the consolidated quarterly CoR.
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The vehicle will give the legacy carrier a US platform.
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This is not the first pulled strategic process in the adjusting, and broader claims services, sector in recent months.
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The insurer said its Lloyd’s presence underscores its London market commitment.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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Paragon co-CEOs James Kalbassi and Tara Falk will become Ardonagh shareholders.
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Cyber physical damage cover has also been added to the facility.
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CFO Christoph Jurecka declined to give a loss estimate for the Baltimore Bridge loss.
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The broker has also placed a new cyber facility.
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The buyer intends to fund the transaction with approximately 50% equity and 50% debt.
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The carrier reported a P&C re net result up 44% to EUR1.8bn.
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