Results
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Plus the latest people moves and all the top news of the week. -
The international business grew premiums by 12.5% over the period.
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The carrier unveiled major spending on overseas growth initiatives.
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Natural catastrophe claims increased by 0.5 percentage points in the first six months of 2024.
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Albo cited rate increases, improved terms and conditions and line size management among cedants.
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The CEO said the carrier’s hurricane exposure has remained static in the last few years.
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The CEO said he expects cyber rates to start flattening post-loss.
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The reinsurer also said it expected no significant impact from the CrowdStrike losses.
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The executive argued that Beazley’s performance is the ultimate driver of the insurer’s valuation.
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Allianz’s group profits were up on stronger investment results.
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The carrier's combined ratio in P&C operations rose slightly to 93.6%.
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CEO Alex Maloney hailed the results as the “best ever half-year performance” for the carrier.
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