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The deal marks the latest step in Catalina’s shift from P&C to life run-off. -
The ILS manager has $5bn in assets and will be led by MariaGiovanna Guatteri.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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The combined casualty treaty team has also made a number of hires.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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Her predecessor will become head of US excess casualty and operations.
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The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
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Ex-Western Europe CRB head Alberto Gallego and colleagues left for a Marsh joint venture.
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The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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Plus, the latest people moves and all the top news of the week.
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Giles has spent more than five years at Themis Underwriting.
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