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After one good year, giving back margin now will be “inexcusable”, the executive said. -
The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr.
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The long-serving Aon broker specialises in the placement of cruise portfolios and Norwegian accounts.
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Panellists at Insurance Insider’s LMC also noted a lack of C-suite engagement in renewables.
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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Allianz’s P&C unit booked natural catastrophe claims of EUR646mn over Q3.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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Carlyle re-launched efforts to find minority investor last June.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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