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The reinsurer returned $216.7mn to investors in Q2. -
The proposed reforms are designed to put the UK’s regulatory framework on par with Bermuda and the US.
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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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The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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Despite predicting fewer hurricanes, the numbers are still above average.
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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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The bond protects against losses in the US, Canada, Europe and Australia.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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The revision is significantly lower than the $4.5bn October estimate.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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