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The transaction is expected to have a price-to-earnings multiple of 11x. -
Aviation reinsurance reserving issues will also be a broader focus for the market.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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Andrew Laing succeeds Rupert Moore, who will become reinsurance CEO for Asia Pacific.
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In part II of our series, we look at where AI is being integrated into claims departments.
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The carrier said market dynamics were shifting due to increased capacity.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Insured losses produced the second highest first-half tally since records began in 1980.
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Plus, the latest people moves and all the top news of the week.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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