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Plus, the latest people moves and all the top news of the week. -
The combined ratio improved by 0.5 points to 75.7%.
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The company also announced a EUR2bn share buyback.
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Some firms are broadening their M&A net in light of PE firms showing more restrained appetite for intermediaries.
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Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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The executive joined BMS in 2022 after three years as deputy CEO at Carpenter Marsh Fac.
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Westfield has seen a number of senior underwriters depart the business in recent weeks.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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The carrier’s CoR improved across P&C, including at commercial lines-focused Axa XL.
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Conditions in the London market remain attractive according to CEO Aki Hussain.
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UK and Ireland GI premiums rose 16% over the year.
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