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The outgoing CEO will leave the company at the end of March 2025. -
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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Only around EUR70mn-EUR140mn will fall to private insurers.
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Major-loss expenditure doubled to EUR1.6bn for the quarter
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The carrier has pegged preliminary pre-tax Milton losses at less than $200mn.
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The A&H market had improved performance between 2020 and 2023.
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Nicola Gaisford joined RiverStone from R&Q last year.
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The acquisition will expand Allianz Direct further into the B2B2C segment.
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The loss of premium income from Glencore is expected to add to competitive pressures running up to 1 January.
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Most of the losses derive from France.
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She will succeed Dirk Höring, who has been promoted to the HDI Global SE executive board.
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The firm is also integrating changes to its process to allow it to cover wider ground.
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