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Habib Kattan will support the implementation of the company's outward reinsurance strategy.
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This is the second year the insurer has bought a fiscal-year aggregate.
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Plus PPL’s NextGen platform woes and all the top news from this week. -
The new CEO will work with colleagues across the company to write a “new page of history” for the French reinsurer.
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Showvanik Dasgupta has worked at Beach Re, Tokio Millennium Re and Aspen Re, where he started his career.
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It will cover home, motor and commercial property portfolios across Australia and New Zealand.
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The carrier says several leadership changes will help position the insurer for further success.
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Reinsurance rate increases are tapering off, but the recent influx of capacity will not cause pricing to “fall off a cliff” thanks to continuing market discipline, according to Willis Re’s James Vickers.
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The reinsurer’s new CEO Laurent Rousseau secured 99.54% of shareholders’ votes for the role at a general meeting, while 91.27% backed Denis Kessler as chairman.
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The new broker will sit within Steve Hearn’s capital solutions division.
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Pricing momentum on property and casualty slows, while in Europe a messy legal battle over Covid commences.
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The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
