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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”. -
Rob Lusardi and Michael Dawson are to step down after eight years as directors.
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The A&H market had improved performance between 2020 and 2023.
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The carrier said an active hurricane season and a global cyber event had not altered its full-year guidance.
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The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
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Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
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The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
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The business is being marketed off around £15mn Ebitda, sources said.
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The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
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Antares recently announced a restructure of its international entities including the launch of a UK company platform.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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Nicola Gaisford joined RiverStone from R&Q last year.
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