Talent
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The division’s current North America CUO David Perez will take on the global risk solutions CUO title as James Slaughter steps down.
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The former Everest Re CEO will join the firm after a major US hiring spree.
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The statements come after an outline agreement, signed by Covea 10 weeks ago, collapsed this week.
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The Zurich-based firm has focused on the cat bond space since launching almost two decades ago.
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The CEO stressed that ILS’ non-correlated nature makes it an attractive asset class in periods of financial instability. -
The carrier’s P&C division could miss its 2020 operating profit target by 20 percent, CFO Giulio Terzariol said today.
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Major cat reinsurance losses are unlikely without over-reaching judicial action, the HSCM Bermuda leader argued.
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Aon group CEO Greg Case said the new mindset would apply to other challenges including climate change and cyber.
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Plummeting global markets have reduced the value of the carrier’s investments, results show.
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Christoph Jurecka said he was "not sure if I buy in" to high-end loss estimates that Covid-19 will be the biggest catastrophe loss ever.
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The insurer said it was two thirds of the way to attaching a UK reinsurance treaty.
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Some insurers in the panhandle may not be able to handle reinsurance rate increases in the 1 June renewal, according to Bruce Lucas.
