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The carrier was seeking to expand its 1 March-renewing programme. -
The syndicate reported an undiscounted net combined operating ratio of 77.9%.
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The London wholesaler rebranded from GAWS of London in March last year.
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The reinsurer anticipates downward rate pressure to continue over 2025.
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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
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A roundup of all the news you need, including Hannover Re’s Q4 2024 results.
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The Italian carrier posted a record group profit of EUR7.3bn.
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For the prior-year quarter, the carrier reported a EUR9mn loss.
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A rebound is expected this year, however, led by strong US activity.
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The Corporation saw improvements across all three leadership levels.
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The broker said the list of perceived obstacles was “fairly damning” for insurers.
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“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
