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Tom Graham joins from Apollo Syndicate Management, where he most recently held the position of US casualty underwriter.
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The unit will be led by Don Wright and will operate as a combined unit from January 1.
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The Redicova product is led by Beazley with initial reinsurance from Axa XL, Hiscox and RenaissanceRe – all members of the Disaster Risk Facility at Lloyd’s
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The Berkshire Hathaway-owned carrier is looking to make “major contributions” to the region.
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Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.
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RSA’s London Market and European specialty lines teams are to set to join forces with Intact’s global specialty team, following Intact’s acquisition of RSA’s UK & International business (UK&I) in June.
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Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10%-19%, according to the latest white paper from Karen Clark & Co (KCC).
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Brid Reynolds will be responsible for the oversight and development of risk functions globally.
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The carrier revised its cat bill following Ida and PG&E losses.
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The start-up reinsurer wrote $291.2mn in gross premium during the nine-month period.
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The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.
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Insurance Insider takes a deep dive into the challenges facing the #2 run-off player following a regulatory probe, management turnover and a big 2020 loss.