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The claw-back is anticipated after PCS revised down its Ian loss estimate. -
The hire has 20 years’ experience in asset management and corporate finance.
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All parties interested in the case have agreed to participate in the process.
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The reinsurer said retro pricing had ‘moved slightly in our favour’ at 1 January.
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The carrier faced "significant impact" from a P&C reserve charge on its earnings.
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The carrier also set out detail on its alternative solutions offering.
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New business across geographies drives top-line growth of 191%.
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The figure represents a 26% increase on the previous estimate.
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The index posted a positive return in each of the 12 months of last year.
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The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
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The client lacked options in the conventional insurance market.
