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The UK broker is still in talks with Mubadala about a standalone investment in the business. -
Alex Amezquita will fill Cahill’s previous position as CFO.
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The acquisition will position Ageas as one of the top three UK personal lines insurers.
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European reinsurers, London market carriers and composites all enjoyed healthy trading.
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Storms in the UK and Ireland drove losses in the commercial segment.
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Aegis 1225 jumped from fifth place last year to become the most profitable syndicate of the last decade.
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In January, 32 Acquinex transactional liability employees resigned for Howden’s underwriting arm, Dual.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Swiss Re and Talanx led the gains among listed European carriers.
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The ratings agency said underwriting-cycle management would be key going forward.
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Despite a softening market, carriers still have belief in their profitability, sources said.
