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The terrorism pool has shifted its programme from facultative to an XoL arrangement. -
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Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
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The two Asian companies wrote $265mn net premiums in 2024.
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The insurer has participated on McGill and Price Forbes facilities, as well as Amwins.
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Plus, the latest people moves and all the top news of the week.
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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.
