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Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025. -
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A roundup of all the news you need today, including Beazley’s new group head of cyber appointment.
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The company has been buying out Omers’ shares since 2015.
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The move follows objections from the Singapore government.
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Aggregates that are featuring in the reinsurance market are not the low-attaching ones of prior years, he added.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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The underwriter worked for Markel for a decade.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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The result was impacted by recent adverse development on a liability portfolio.
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