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The cat bond will cover earthquake and named storm events. -
Estimates were revised from $845mn to $740mn.
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ILS platform London Bridge II has had a good year as volumes reached $750mn, the CFO said.
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The pension fund was one of the first investors to use London Bridge.
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The Truist-owned cat MGA had reduced its line size to $50mn last year.
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The challenger broker is continuing to build out its presence on the island.
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The firm reallocated from short-tail lines amid social inflation concerns.
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The company proposed a dividend of EUR1.8 per share for 2023.
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It is only the second year in the last eight that the allocation grew.
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CEO Hussain said third-party capital in 2023 remained flat.
