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The quake caused building damage and downed power lines, leaving at least one person dead.
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The carrier has non-renewed around $800mn of business in the past 18 months. -
Reinsurers with third-party capital platforms said to be well-positioned for a return to growth in alternative capital.
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Incoming capacity to the marine market over the past year has led to an easing in rating momentum.
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The Willis solution is designed to help companies access insurance as they transition to a low-carbon business model.
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The reinsurer was launched as a joint venture with Enstar, Allianz and Hillhouse in 2018.
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The executive spoke candidly about past management issues at the firm and expressed confidence about the long-term health of the business.
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S&P noted that the deal volume was the highest on record for a decade, and came despite uncertainty over pandemic claims.
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The estimate includes damage to residential, commercial and industrial property and vehicles.
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The actuary replaces outgoing CFO Reijer Groenveld, who will leave in October.
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Former Hamilton and Pembroke executives Tim Glover and David White are joining the start-up in leadership roles.
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The ratings agency said that a surge in demand could add to the costs of rebuilding.
