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The company has been buying out Omers’ shares since 2015. -
Rates are turning negative, and the balance of power is shifting towards the brokers.
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The move follows objections from the Singapore government.
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Aggregates that are featuring in the reinsurance market are not the low-attaching ones of prior years, he added.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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Energy has been one of the busiest lines across the market for staff turnover this year.
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The underwriter worked for Markel for a decade.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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The result was impacted by recent adverse development on a liability portfolio.
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The P&C re unit will target a combined ratio below 85%.
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The P&C re unit will aim for a 79% combined ratio next year.
