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The CEO said future uncertainty and the “enormity” of corporate debt posed a significant challenge for the insurance sector.
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The changes move away from a management structure built around types of business.
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Former RenaissanceRe CEO and founder Jim Stanard looks set to pick up the reinsurance platform. -
Also more on London market stress, Watford in play and some rare positive Covid-19 news.
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Analyst Philip Kett suggested that the carrier has "adequate but not comfortable levels of capital".
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The Bermuda carrier will be an initial investor in Griffin Highline.
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The short-tail lines specialist is to depart after 15 years.
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The investment relations head will also join the group executive committee next month.
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The new hires join as CFO and COO under recently arrived CEO Juan Andrade.
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The executive’s departure from the Willis Towers Watson merger partner follows that of other casualty reinsurance colleagues.
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EMC and Church Mutual turn back to reinsurers after devastating wind losses.
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The company listed on the Nasdaq in March via a reverse merger with Tiberius.
