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The unit said capital in the ILS market remains more than adequate to meet rising demand. -
The new team will be headed by Brown & Brown’s Ed Byrns.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
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The figure updates an April estimate of EUR696mn.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
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The consultation period around UK ISPVs was opened in November last year.
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The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
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CFO Christoph Jurecka will succeed as management board chair.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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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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