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The start-up has secured BMA approval as it looks to a 1 January kick-off. -
Large syndicates outside top performer quartiles have been afforded significant room to grow.
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The facility uses AI technology from Altana.
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Oak Re confirmed Bain as an investor, with further capital through Hampden clients and Alpha.
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Thomas Kroely will initially focus on supporting the broker’s European expansion.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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The new offerings will be part of the specialty reinsurance portfolio.
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Overall, syndicates have slightly improved 2022 forecast returns, with 2023 projections closer to stable.
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Rivera will succeed current CEO Carlos Rivera, effective 1 January.
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The loss figure has increased 200% from the initial number provided in October.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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