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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023. -
Nicola Gaisford joined RiverStone from R&Q last year.
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It is understood the increase is mainly due to a new professional lines team.
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Steve Jolley has held several CIO roles, including at Ardonagh Specialty, Price Forbes and JLT Group.
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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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The firm will provide an update on 22 November to avoid holiday season.
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The broker said the casualty segment is approaching an “inflexion point”.
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The QIC-owned carrier has completed extensive remediation in the past two years.
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The results were disclosed in parent company Fairfax’s quarterly earnings.
