North America
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The move is the latest among large private equity houses to consolidate programmes and leverage buying power.
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Members will work with the existing integration leadership team. -
Cedant buys a cat programme excess $550mn, but also has significant inuring reinsurance.
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The Exor chief reaffirms his long-term commitment to the reinsurer in an internal memo.
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The Axis founder told this publication the business has also fallen short on governance standards.
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The InsurTech, which AIG opted to put into run-off, had projected premium income of $50mn in 2020.
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Upstream energy is unaffected by the pullback.
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Sources also named sector stalwarts Stone Point and Aquiline as potential sources of start-up capital.
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Tracy Dolin warns there is a potential for insolvencies if BI bills get through.
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Broker report models optimistic, moderate, severe and extreme outcomes from pandemic.
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Insurance carriers and private equity firms have been approached over the last few weeks to gauge their interest in the business.
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The veteran underwriter previously held executive roles at Qatar Re and Emirates International.
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