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A new report put enhanced underwriting at 7% of Lloyd’s GWP with potential for fast growth. -
Parent group Talanx reported a 9M operating profit of EUR3.7bn.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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The carrier is believed to be restructuring the leadership of its London specialty business.
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The recruitment comes amid a spate of hiring for Westfield.
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The company’s net asset value per share is expected to hit £2.06.
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James Cox succeeds James Lee, who is set to retire at the end of 2024.
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O’Brien was previously head of cyber centre of excellence for international at Guy Carpenter.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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The P&C combined ratio improved to 94%, while premiums rose by 6.9% to EUR25bn.
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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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