Operations/tech
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The K2-backed start-up has completed its senior team with Will Moore as finance director.
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Lesley Harding has previously worked for Willis, Arch and Swiss Re.
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The emerging markets specialist aims to raise around $860mn of additional funds by 2025.
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About 95% of the broker’s business currently emanates from outside the UK.
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The reinsurer’s new recruit leaves the Allianz group after 33 years.
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The carrier lifts its net catastrophe allowance by about 25% to $685mn as it reports more favourable renewal terms than it had expected.
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The start-up joins Azur, Paragon and Nuclear Risk among the brokers that gained the pre-Christmas go-ahead from the Irish central bank.
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The joint venture represents one blueprint for UK intermediaries looking to retain access to the EEA market.
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Nick Foden-Pattinson will lead the team, supported by Jeremy Brasier and Tony Key. -
The year was marked by record North Atlantic storms, which put the loss tally more than 40% ahead of mild 2019 experience.
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The Bermuda (re)insurance trade body elects officers for 2021-2022.
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The move follows the recruitment of former Novae CEO Matthew Fosh.
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