Zurich
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The Bermuda reinsurance vehicle is set to co-invest alongside Catalina in major UK legacy deal with Zurich. -
Brandon Fick will report to Zurich North America’s CEO, Kathleen Savio, in the new role.
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The run-off book is said to hold around $500mn in reserves.
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The two parties are understood to be nearing an agreement on the sale of £1.6bn of Zurich’s legacy UK employers’ liability exposures.
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Liberty Specialty Markets is the lead insurer on the Marsh-brokered policy.
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The National Flood Insurance Program's reinsurance may trigger for a second consecutive year following the storm, the ratings agency warned.
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The storm may reach the state’s Big Island as a Cat 3 hurricane later today.
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He replaces Steve Hatch, who retired earlier this month.
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The year-on-year improvement in P&C operating profit was boosted by the fact it did not take any Ogden-related charges in the period.
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Mered will take up the North America group post on 1 October and report to Kathleen Savio.
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Jonathan Wismer succeeds Elias Habayeb, who moved to CFO of general insurance in May.
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The carrier makes its first venture into whole turnover trade credit.
