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CEO Rinku Patel said the move marked a “clear step change” in Pine Walk’s MGA strategy. -
Instead, the reinsurer plans to write more casualty business through its innovations book.
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Reinsurance and property remained the primary drivers of premium growth.
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The Italian carrier posted a record group profit of EUR7.3bn.
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For the prior-year quarter, the carrier reported a EUR9mn loss.
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In the absence of interim action, the segment could face an “availability crisis”.
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Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
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Newer swing products offer an alternative way to deal with escalating awards.
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The underwriter has worked at Axis for a decade.
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The Pacific region led the quarter’s price decline at -8%.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
