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Previously, Hess had earned $650,000 a base salary and was eligible to receive a short-term incentive bonus worth 90% of his annual salary.
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GWP rose by 17% to $177bn for Aon’s peer group of reinsurers, while their average combined ratio stood at 94.0% – down from 104.4% for the prior-year period.
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The AIG-owned business has seen a major transformation in its senior leadership.
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The company said the transatlantic appointment reflected the carrier’s commitment to expand in the US.
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David Lyle’s resignation goes against the grain of Lockton’s construction-team recruitment in recent months.
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Beat Capital takes a bearish stance on cats the same week Ida loss estimates rise.
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The PPL board has finally chosen a partner to deliver the NextGen platform, opting for a build option with Deloitte Digital.
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The well-known underwriter has held similar positions at Sompo International and Partner Re.
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The loss aggregator said the change indicated initial over-reserving in the wake of the flooding.
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The ratings agency said that cat models were not taking into account the full impact of climate change.
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