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The challenger broker is continuing to build out its presence on the island. -
The bond will provide named storm coverage in southern US states.
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The firm reallocated from short-tail lines amid social inflation concerns.
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The firm’s assets under management dropped to $1.6bn, as a capital return more than offset new inflows.
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He was executive managing director in Aon’s wholesale treaty team.
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The closing of the Interboro sell-off was postponed to nearer the end of the year.
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The bond will insure against named storms in eight US states.
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The vehicle is 52% larger than it was at launch 3 years ago
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The vulnerability updates are the biggest driver of loss changes.
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The state pool is seeking indemnity, annual aggregate cover.
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The parent also expects the ILS platform’s AuM to grow.
