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Loeb will lose rights including the ability to veto important company decisions and to select a board observer. -
The carrier expects “significant” operating income and “positive” net operating income for Q3.
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The new chief joins from Hiscox ILS with a mandate to expand the reinsurer’s third-party capital platform.
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The executive has begun sounding out investors about a retro offering.
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The Bermudian is expecting to pay $17mn in third quarter Covid-19 claims.
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Vantage Insurance has also been assigned an initial long-term issuer credit assessment of a-.
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The hedge fund reinsurer’s board has decided the offer could represent a "superior proposal".
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The hedge fund reinsurer offered to merge with Sirius in May 2018, before the company’s listing on the Nasdaq exchange.
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Backing comes from industrial investor Ajay Kumar through his family office.
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The thwarted bidder accuses Watford’s board of neglecting their duties and threatens legal action.
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Valérie Baucher leaves the reinsurer after seven years.
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The ratings action follows the agreement with Arch Capital to buy the struggling company.
