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The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year. -
Plus, the latest people moves and all the top news of the week.
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Most of the losses are attributable to a supercell storm in Texas.
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Eckert said the reinsurance market is still at historically well priced levels.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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Lloyd’s maverick syndicate produces impressive results, but questions remain over succession.
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The investment vehicle will publish its full results on 2 June.
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Bredahl has been appointed CEO and Bonneau as chairman.
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The changes are aimed at improving underwriting and operational performance.
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The dropped process is JC Flowers’ second attempt to sell the international broker.
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