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London Market Live panellists insist (re)insurance clients value stability and longevity over cheap capacity. -
The experienced broker had been freelancing for almost two years.
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Profits slipped 77% but CEO Jurecka said he was optimistic about the firm’s underlying performance.
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Direct investment has propped up the reinsurer ILS platforms, but further evolution will be needed.
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The carrier’s year-to-date pandemic losses in P&C re hit EUR2.1bn.
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CFO Bouas-Laurent reassures analysts that the cash injection will not harm solvency.
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The carrier increases its appetite for catastrophe risk ahead of “substantial” rate increases at 1 January.
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The reinsurer bolsters P&C re Covid-19 reserving by EUR100mn in the third quarter, taking the total to EUR700mn.
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Hudzik is a thirty-year plus veteran of the (re)insurance market having also worked at Endurance, Zurich and AIG.
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Ariel Re will focus on key lines of business, including cat, retro, marine and professional lines.
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CFO Dacey also highlights P&C re reserve strengthening after significant aviation loss deterioration.
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Plus more on the Miller sale, a run-down of executive moves and our most popular news stories of the week.
