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The product provides primary and excess coverage limits up to £5mn. -
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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A collision earlier today caused a cargo of jet fuel to burst into flames.
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Nevill has extensive experience in underwriting at Talbot, WR Berkley and Markel.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Almost 300,000 people have been left without power from the storm.
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This loss number covers the property line of business.
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The executive joins from Gallagher Re.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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Amy Sherk will be the CFO, while Jennifer Allen will become chief business officer.
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The company said it now expects the transaction to close in H2 2025.
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