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UK and Ireland GI premiums rose 16% over the year. -
Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier announced a $175mn share buyback.
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The carrier increased premium by 7% at the January renewals.
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Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
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The firm projects losses from the fires at between $160mn-$190mn.
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Insurers are moving to settle with airline lessors over Ukraine claims.
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In the absence of interim action, the segment could face an “availability crisis”.
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Sources said that the firm was already preparing to drop the book before the spate of losses.
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Sara Foucher has held roles at RSA, Swiss Re and XL Catlin.
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