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The Peak Re subsidiary mainly writes US motor and casualty reinsurance. -
The change reflects the company’s growing profile within the MS&AD group.
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The majority of the savings are expected to be realised in the retail division.
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The Lord Mayor told the CRO Summit to stop treating risk as a dirty word.
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The CEO transition is already visible in messaging on growth as rate change picks up.
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Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.
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Lloyd’s CUO said established broker facilities were “big enough”.
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The platform could help reduce claims-cash holding times by 10 weeks.
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The CUO noted that market-wide rate change in Q1 was down 3.3%, coming in below plan.
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The consultation is a “welcome change of approach” from the regulator.
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Aviva and Direct Line struck the landmark deal in December.
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Plans include a new definition of commercial customers and lead insurers compliance only.
