TMK
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A domestic deterioration drags down the group result by more than a third in the six months to 30 September.
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The outlook brightens for Syndicate 510 for the 2016 year of account, while loss estimates across the three syndicates for 2017 remain stable.
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Meanwhile, Fitch affirmed the reinsurer’s financial strength rating at A+ with a stable outlook.
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Why would a patient Japanese owner spend 18 years building a diversified reinsurer from scratch then discard it for a bargain price?
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The insurer will place the operation’s portfolio into run-off over the next six months. -
The class underwriter for accident and health had worked at the carrier since 2009.
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David Robotham and Paul Devido will join early next year.
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Reeken Patel succeeds James Dover, who has spent eight years as finance head.
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Carriers and MGAs are seeing increased demand for intellectual property (IP) cover as awareness grows around the inherent value in intangible assets
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London (re)insurers have so far managed to avoid job cuts, but some tough decisions now lie ahead.
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The MGA provides private flood, builders’ risk and lender-placed products to US financial clients.
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The Japanese-owned Lloyd's business claims $25mn in IP capacity.
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