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Just outside the gothic towers of Notre Dame cathedral is the point from which all trunk roads in France are measured. It is known as kilometre zero and marks the centre of the country’s political geography.
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ERS offered about 4 points of underwriting margin on £323mn ($422mn) of net earned premiums and was acquirable at roughly 1.1x book value of something like £150mn.
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There was so much packed into John Neal’s future vision for the Lloyd’s market that it has kept The Insurance Insider journalists opining for days on end about its significance.
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Universal released pricing for its cat programme last week, and the Floridian cedant conceded a 30 percent rate rise with a view to getting the deal home.
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One commonly held view in this market is that P&C company valuations are largely driven by the pricing cycle, and that positive and accelerating pricing should be considered a universal positive for the group.
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Axa UK & Ireland CEO Claudio Gienal has identified the company’s IT estate as the single biggest obstacle to corporate simplification.
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Our analysis of the gender pay gap showed some encouraging signs.
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The broker will always be with us
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There is no doubt that some serious work needs to be done to change the way flood insurance is charged by Fema.
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European insurance CFOs are planning to hug capital close and shun M&A fripperies, according to an annual Moody’s survey.
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Drawing distinctions between types of risk is at the core of the value (re)insurance provides.