AuM data
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The reinsurer’s CFO and COO Michael Dennis has been named CEO, subject to immigration approval. -
The fund’s allocations to general and life insurance investments have grown year over year.
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Evanston Insurance Company, a subsidiary of Markel, backed the move.
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The group-level cat impact to the combined ratio improved 0.3 points to 1.8.
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Inflows allowed the unit to step up to the distressed Florida market.
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The ILS firm reported $8.5bn of assets under management at mid-year.
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The investor will manage a portion of the Bermudian’s assets.
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Jacquet previously served for five years at Credit Suisse ILS.
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The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
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The vehicle was supported by a group of institutional investors.
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Elliott Management, the other key suitor for the business, is understood to have dropped out of the auction.
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Partial owner White Mountains said conditions for ILS investing are “attractive”.
