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The group reported a combined ratio of 91.2 for the period. -
The stock price rose as analysts declared the L&H reserving review better than feared.
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Swiss Re reported some $743mn in catastrophe losses for Q3 alone.
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The carrier has also completed a review of its L&H unit.
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The company said it is still on target to achieve $3bn net income for the full year.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr.
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Panellists at Insurance Insider’s LMC also noted a lack of C-suite engagement in renewables.
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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The 2024 event saw 80 speakers address an audience of over 350.
