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The carrier launched with the aim of writing $300mn of business this year. -
Erik Manning is joining the business from BMS as head of ceded reinsurance.
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Storms in the UK and Ireland drove losses in the commercial segment.
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Aegis 1225 jumped from fifth place last year to become the most profitable syndicate of the last decade.
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The book of business comprises both personal and commercial lines.
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The announcement spurred a quick spike in stock market valuations.
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London-based US excess casualty writers are increasingly looking to attach lower in the tower.
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In January, 32 Acquinex transactional liability employees resigned for Howden’s underwriting arm, Dual.
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Softening in the upstream market has also accelerated beyond expectations.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
