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Oaktree will fund the syndicate and act as investment manager for its assets. -
Demand for top layer coverage may also need to be supported by underlying market growth.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The carrier attributed the results to a significant fall in major-loss expenditure.
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The hedge fund had significant investment aims for the London market.
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As the P&C market shifts, carriers are looking for growth from acquisitions.
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The syndicate is expected to write ~$300mn of business in 2026.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The executive has worked at Aon for almost two decades.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The ILS manager revised down slightly its forecast for the syndicate’s 2023 YOA.
