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Syndicate 1200 CEO Graham Evans says growth will likely slow in 2025 as the market reaches inflection point. -
UK regional division CEO Steve Bashford has retired.
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The vehicle has $2.55bn in capital committed by institutional investors.
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There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
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The estimate has reduced slightly since the modeler’s last update in October.
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The appointment comes after the departure of Mark Benbow, who is joining Westfield.
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A roundup of all the news you need, including Richard Ansted’s resignation from QBE.
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Mathieu Loisel joins the reinsurance broker from New Re.
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Nick Hawke is coming out of retirement to take on the position.
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Plus, the latest people moves and all the top news of the week.
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
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This will be the most expensive fire in the state’s history, it said.
