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The CEO highlights his company’s ability to protect jobs and salaries and forecasts a diminished role for travel and entertainment. -
Guy Carpenter achieves 9% underlying expansion, while group organic revenue shrinks 2%.
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The incoming CEO plans growth in retro, cat and property per risk as pricing improves.
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From 17 August all of the facultative (re)insurance and specialty content hosted on Inside FAC will be moving to our reinsurance and London market title, Insurance Insider.
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Project is in its early stages, with a round of meetings held to stress test it with PE firms.
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Analysts had expected the carrier to make a first-half profit, but reserve deterioration and higher Covid-19 claims impacted results.
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The carrier reported a combined ratio of 106.9% as it absorbed Covid-19 losses mainly from its property book.
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New rules also aim to prevent an overreliance on reinsurance and to encourage cedants to use multiple risk partners.
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Socially distanced golf course meetings show that the "old ways" are still going strong.
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Corporate travel restrictions played a large part in the decision to cancel the October conference.
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After rapid intensification ahead of landfall, Hanna hit southern Texas as a Category 1 hurricane.
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The EUR22.3mn loss follows a EUR29.4mn loss in the first quarter.
