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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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Nat cat losses added 11.8 points to the combined ratio at 101.5% over five years on average, S&P has found.
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Research from this publication exposed a dearth of female leadership in the Lloyd’s market.
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The combined ratio improvement was driven by an increase in net premiums earned, favorable development of net loss reserves from prior accident years and current devaluation.
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The carrier said its ultimate net losses in Ukraine since the start of the conflict were towards the lower end of its initial range, at $22mn.
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The company’s property segment booked a combined ratio of 57.6%, 13.8 points higher compared to Q2 2021 due to a higher attritional loss ratio.
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The former Chubb exec will remain on the board as an independent director, along with president and CEO Jacques Bonneau.
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Peter Kiernan replaces Simon Penney, who is moving to an analytics role.
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David Rocke becomes group head of M&A, Jamie Saunders CUO and David Alexander strategy director.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Openly completed its first significant catastrophe excess of loss placement, with a diverse panel of reinsurers across London, Bermuda and the US.
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A BDA report found that more than 30% of Bermudian carriers have integrated ESG into underwriting.