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The organisation has released its mission for 2025 and signed a MoU with the ABI. -
The broker attributed the drop to smaller average deal sizes over the quarter.
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A roundup of all the news you need, including the second major claim of the year for the downstream market.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
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CUO responsibilities will now be split out across senior underwriting leadership.
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The Australian carrier disclosed A$426mn in net cat losses during H1.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
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Annual report pegged data and cyber security risks as most cited business challenges.
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Last year, Patrick Tiernan issued a warning to syndicates to properly manage their DA portfolios.
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The second half of the year was significantly more active for the legacy market.
