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The syndicate is expected to write ~$300mn of business in 2026. -
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.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The broker has noted that double-digit reductions are increasingly available in property.
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Matthew Flynn joins from RenaissanceRe.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
