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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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The Altamont-backed broking start-up continues to build out its staff.
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Prior to joining WTW, Morrison has held senior roles at Canopius, and AIG.
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The agreement covers most of the business written through Swedish subsidiaries.
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The firm said its reserving for the year is modelled on multiple scenarios.
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Ian Gooch will be stepping down as CEO after 15 years leading the P&I club.
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The carrier said it has “moderate exposure” to the bridge collapse.
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GBN RS was launched in February by GBN Worldwide.
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Casper was launched last year by Argenta deputy active underwriter Bradley Knight.
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The insurance arm’s CoR declined 4 points to 89.3% on lower cat losses.
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
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Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
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On a discounted basis, Brit's combined ratio deteriorated by 2.1 points to 72.7%.
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The broker had been vying with Marsh McLennan and AJ Gallagher.
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Alex Nicoll joined Sedgwick in January as UK head of media and entertainment.
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The carrier also appointed Pugi head of Bermuda excess casualty.
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A rundown of the main stories of the week.
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The primary casualty book was down by “some 26-odd percent from the prior year”.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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M&A activity between 2012 and 2022 garnered long-term returns essentially equal to the relevant market index.
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The CEO said the carrier had identified several areas in its portfolio as having room to grow.
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A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations.
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He replaces Paul Messer, who moves to a group role.
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The carrier shifted away from quota share in a bid to control cat volatility.
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Digital Follow will be launched in the second half of the year.
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AI-centred InsurTechs in Q1 accounted for 28% of all deals in the Global InsurTech report.
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The carrier said it remains on track to hit a mid-80s combined ratio at the end of FY 2024.
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The carrier said rating in the London market came in ahead of expectations.
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The GWP gain was driven by an 11.2% increase in the insurance top line and 11.8% in reinsurance.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.