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Former head of construction Bill Creedon will assume the role of chairman. -
Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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New capacity continues to flow into the hull market, despite rating pressure.
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Bill Bouvier has spent more than three years at the legacy firm in this role.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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A roundup of all the news you need, including Mosaic’s Lloyd’s syndicate.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Being conservative and stable is the name of the reinsurer’s game.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
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