Zurich
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The carrier's combined ratio in P&C operations rose slightly to 93.6%. -
The facility will provide coverage globally for blue and green hydrogen projects.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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The carrier reported rate increases of 5% across its P&C portfolio.
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The executive worked on projects with the firm when he was an investment banker.
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All three carriers also announced increased dividends.
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At the group level, Zurich reported its highest-ever return on equity.
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The carrier has also hired Craig Bedford as specie underwriting manager.
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The insurer says Greensill's claim "arises out of a fraudulent scheme”.
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