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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025. -
Almost 300,000 people have been left without power from the storm.
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This loss number covers the property line of business.
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The executive joins from Gallagher Re.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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The company said it now expects the transaction to close in H2 2025.
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Competition for specialty reinsurance talent remains high.
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Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis.
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CEO John Fowle said “isolated missteps” had tarnished Atrium’s record.
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The executive said MGA and broking start-up activity looked set to continue.
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John Howard was appointed as an independent, non-executive member.
