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The internet grocer previously warned the fire would hamper sales growth.
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The insurer will benefit from reduced incentive expenses owed to former executives in the Bermudian firm.
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The former majority shareholder will continue to provide services and support to the ILS fund manager.
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Why should Leadenhall be hived off into the Mitsui’s asset management division?
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Disclosures filed by the utility in bankruptcy court show the company paid just $26.8mn for its $200mn catastrophe bond.
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A shift to lower volatility classes propels underwriting profit.
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MS Amlin’s ownership of the London-based firm will now transfer to the Japanese corporation directly.
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Few of the Bermuda and London staff at Tokio Millennium Re will be retained after the takeover.
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A four-month fundraising round culminates in a deal with Avantis.
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There will be a reduction in the amount of third party capital in the industry this year, O’Donnell told analysts.
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Director Graham Coutts foresees a “flight back to quality” from cedants.
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Conditions may be improving for some investors after wider ILS appetite has dampened, according to the broker.