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Natural catastrophe claims increased by 0.5 percentage points in the first six months of 2024. -
Albo cited rate increases, improved terms and conditions and line size management among cedants.
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The CEO said the carrier’s hurricane exposure has remained static in the last few years.
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The CEO said he expects cyber rates to start flattening post-loss.
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The reinsurer also said it expected no significant impact from the CrowdStrike losses.
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A roundup of all the news you need today, including results from Munich Re, Lancashire and Beazley
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The executive argued that Beazley’s performance is the ultimate driver of the insurer’s valuation.
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The deal is expected to close by year end.
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This is a new role for the broker.
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Allianz’s group profits were up on stronger investment results.
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The carrier's combined ratio in P&C operations rose slightly to 93.6%.
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CEO Alex Maloney hailed the results as the “best ever half-year performance” for the carrier.
