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The figure includes losses associated with the cancellation of the Tokyo Olympics. -
The carrier passes on about 36 percent of a total of EUR1.5bn in large claims to reinsurers.
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Greenlight Re was assaulted on all fronts on its earnings call – and a run-off sale now looks likelyGreenlight Re was assaulted on all fronts on its earnings call – and a run-off sale now looks likely.
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Large losses for the year of about EUR956mn come in more than 9 percent above the carrier's annual budget.
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Alberto Marcano takes over from Andrew Dickson, who has become head of surety at Hudson.
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The withdrawal marks the latest in a series of restructuring measures at the carrier since its takeover by Apollo.
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The mega acquisition will throw off talent and clients but the creation of a giant top two may crush competition.
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Combined reinsurance revenues would reach $2.3bn, outstripping Guy Carpenter.
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Disparate attitudes between European reinsurers could temper aggressive rate increases at the key 1 April renewal.
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The Brazilian reinsurer's ratings were placed under review with negative implications after the sudden departure of its CFO and CEO.
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Covea and PartnerRe's $9bn deal, Sirius woes and Greenlight suitors.
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Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
