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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred. -
APAC now represents roughly 15% of all Lloyd’s premium.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The energy broker’s career also includes a stint at Price Forbes.
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Regulators do too little to distinguish between generalists and specialists, he said.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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The broker grew earnings per share by 12.1% during the quarter.
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Plus, the latest people moves and all the top news of the week.
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The syndicate is expected to write ~$300mn of business in 2026.
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Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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