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The sale is expected to be completed by the end of the year. -
The executive will replace Habib Kattan, who joined the company last summer.
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Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period.
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The analyst estimated Beazley’s loss from the global outage at $80mn-$120mn.
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The current guidance is that Beazley will publish an undiscounted CoR in the low-80s at full year.
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Aeolus increased its participation on the program more than fourfold.
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In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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Reinsurer-managers are building out asset management infrastructure as they expand.
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The carrier purchased an additional $150mn of cover.
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The event could unpack issues around accumulation risk and cloud services.
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The deal economics take into account the investment return that Longtail Re can leverage.
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