Property
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The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June. -
The new funds will target the US wealth market through financial professionals.
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A total of $2.1bn in Fema money has been approved for the state.
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Tyler left Gallagher Re earlier this year.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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Stokes has been with Pillar for nearly four years.
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Only around EUR70mn-EUR140mn will fall to private insurers.
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The firm’s AuM in four key vehicles rose $526mn in Q3.
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Ceded losses grew by 69.2% in Q3 from the prior year quarter to $44mn.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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In its first deal, Enstar received $350mn in premium for certain 2019 and 2020 business in AlphaCat’s portfolio.
