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Insurance share prices were resilient amid today’s market meltdown. -
The process for the legacy book is believed to be in the late stages.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Growth was driven by Lloyd’s Syndicate 1274 and Antares Re.
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The specialty MGA has been pursuing an M&A strategy in recent months.
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The facility now includes CyXS Plus and CyXS Company.
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The group is expecting to announce more M&A deals this year.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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The coverholder’s deal with SiriusPoint expired at 1.4.
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Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.
