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California wildfires were the reinsurer’s largest H1 loss, at EUR615.1mn. -
This publication revealed two years ago that EQT could lodge a $1bn claim.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Connor O’Riordan has served as chief capacity officer and group head of corporate finance.
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He joins from MS Amlin, where he was lead underwriter for US casualty.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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Both organisations still predict an above-average hurricane season.
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Tom Hester joined the broker in 2018 as SVP.
