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The Bermuda carrier predicts full-year net profit of about $1bn, in line with forecasts. -
CEO Albert Benchimol says the carrier is undergoing an “extensive repositioning” across its business.
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The carrier predicts fiscal first-half reserve releases equivalent to 1.3 percent of NEP.
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In total, 184 InsurTechs have failed over the last three years.
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The carrier’s share price fell to $21.16 per share at close of markets.
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The Corporation amends the roll-out to ease underwriter concerns but will still enforce it across all classes.
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Paul Bonny and Ken Brandt become co-presidents of global underwriting.
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The executive joins from AGCS where she led the North American financial lines team.
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Our (re)insurance benchmark largely shrugs off wider equity-market losses driven by coronavirus fears.
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The trigger on the deal was largely eroded by the end of September.
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The appointment follows the closing of Gallagher’s acquisition of Capsicum Re.
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The role will harness actuarial analysis to provide support to the firm’s quota share reinsurers.
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