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The deal comes after the buyer secured $400mn backing from CDPQ.
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The Corporation must take action on underwriting discipline to protect the franchise.
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CalFire pins blame for 12 Wine Country fires on trees falling into PG&E power lines.
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There is roughly $250mn in terrorism cover for the tournament, says the Lloyd’s insurer.
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Anna Sweeney of the Prudential Regulation Authority has warned that firms “may be taking false comfort” from losses that turned out to be largely manageable.
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Commissions are being trimmed and poor performers face a more aggressive attitude.
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Increased capital requirements and the need to write multi-line business is stymying innovation, according to the former Ariel Re chief.
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The City Risk Index puts New York second only to Tokyo in terms of exposure to risks.
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A recent study by a UK university says redrafting policies to assume a reading age of 13 would mean 89% of the population would understand them, versus the current 13%.
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Bruce Carnegie-Brown said the market must improve to stay relevant.
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The Asia Pacific region represents 10 percent of Lloyd’s global revenue.
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There was a 71 percent increase year on year in April in the marine market, with 244 risks bound through the system.