PartnerRe
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The Bermuda company’s P&C unit improves its combined ratio, while the specialty business deteriorates.
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PartnerRe has been lined up to take on the business dropped by Markel, sources said. -
Reinsurers now have fresh impetus to argue for flat renewals at 1 January.
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The broker anticipates increased demand for legacy liability transfers.
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The reinsurer says it is not interested in large-scale consolidation and denies any takeover discussions with Scor.
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The reinsurer said it has not held sale discussions with any suitors.
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Brian Dowd, a former North American chief at Ace, will replace the Exor chairman and CEO at the Italian holding company's reinsurance business.
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The entities admitted to the breaches, which occurred from the inception of the European insurance capital framework in 2016.
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Reinsurers set to pick up substantial portion of the losses.
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Specialty profits have suffered despite writing significantly more business.
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The outlook change to positive also relied on balance sheet strength.
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Adding the predictive firm will boost PartnerRe’s life and health sector offerings.
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