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The carrier incurred claims from LA wildfires and flooding in Queensland. -
Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The final month of the year saw an unusually high number of claims.
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Plus, the latest people moves and all the top news of the week.
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The executive previously worked at Hiscox and Aviva.
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Pushing through technological change and maintaining underwriting results are top of agenda.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The company’s upsized public offering priced at $30 per ordinary share.
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The firm expects to replace the volume with Innovations-channel business.
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The (re)insurer used alternative capital in the reinsurance coverage.
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Hamilton also expects rising demand and stable supply for 1 June renewals.
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Patrick Tiernan was announced as the new Lloyd’s CEO earlier today.
