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The carrier’s reinsurance unit upped profits by 53%, with reduced expenses benefiting the combined ratio. -
The investor has been calling on the board to explore strategic alternatives for the business since September last year.
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Hiring levels at Ardonagh Group saw the fastest growth out of the Top 20 insurance companies, with an increase of 482%.
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Convex was one of the carriers to enter the contingency market following the major Covid-19 loss event.
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Tim Pembroke will retire at the end of March after more than 24 years with QBE.
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The appointment comes after marine liability underwriter Ellie Barr resigned to join Convex.
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The firm has promoted Huw Owens to CUO and Sam Wilde to head of London markets in its financial risk solutions division.
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Rates rocketed in the two most challenged areas of the market, while price deceleration continued in P&C, the broker’s index showed.
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The carrier has been targeted by activists whose claims it branded “inaccurate and misleading”.
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The ratings company said it considered Scor's earnings performance, which has been below the agency's expectations for the past five years.
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Two legal academics, giving evidence to the House of Lords inquiry into London market regulation, highlighted the need for a climate-focused duty for regulators.
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Graeme Young is relocating from Eliot’s New York office to his native Australia to run the executive search firm’s new unit.
