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The Scor-owned Lloyd’s operation pins its woes on property and professional liability lines.
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The moves follow years of market malaise in the property sector.
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The syndicate reveals a sharp decline in catastrophe losses to £84.2mn.
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Jefferies analysts name Beazley as the second-highest Lloyd’s earner after Hiscox. -
Only 3 percent of the federal disasters budget is spent on prevention, the insurance organisation notes.
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Both syndicates posted sharply improved underwriting results, with 4472's reinsurance operation swinging decisively into the black.
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The broker lifts its loss estimate from the hurricane by $1bn, and nudges up its forecast for Hurricane Florence by $200mn to $5.5bn.
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The Enstar-owned syndicate reports a 177.3% combined ratio as 2018 catastrophes affect its property and marine business.
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The Latin America-focused syndicate avoided most of last year’s biggest catastrophes.
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The combined ratio improved to 104.1 percent.
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The system of levees in the US Midwest has long been a source of litigation.
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Increases of up to 25 percent on loss-affected contracts were balanced by flat renewals for loss-free business, the reinsurance broker finds.
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