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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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Claims on 15 cat events impacted the carrier, with most losses related to April.
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A number of major carriers have bought new catastrophe covers, but the overall gain is likely to be muted, brokers forecast. -
The broker also confirms the appointment of James Goodwin as head of power and mining.
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Hailstorms across the Midwestern US will likely add to substantial losses this year.
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This private sidecar deal brings total investment by PGGM to roughly $500mn.
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In a joint defence, eight carriers in the High Court case reject FCA’s interpretation of proximate cause.
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The insurer is anticipating a pre-tax underwriting loss of $210mn for the quarter, and expects to absorb $182mn in Covid-19 claims.
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The two tranches of notes will expire in October 2024.
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The January agreement remains subject to regulatory approval.
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A hardening market could encourage diversification away from property catastrophe, the ratings agency says.
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Damage to property and automobiles stretches across five states, the agency said.
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