Stocks
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The shortage of sidecar capacity could have a knock-on impact to broader renewals.
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The deal follows a similar transaction on northeast business in January.
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The reincarnated $9bn deal is moving a step closer to completion.
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Personnel turnover and ongoing redevelopment into new areas were the notable themes of the past 12 months.
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The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.
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The fund will focus on later-stage investment in companies already known to Eos.
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The insurer said the European flooding loss did not qualify as a European windstorm for the purpose of the transaction.
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The fund’s stake in Helios remains unchanged at 19.4%.
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The aggregate risk deal is a renewal of a one-year 2020 ILS issuance.
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The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.
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The award-winning Danish Red Cross-sponsored deal has made its stock exchange debut.
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The topic of quota-share support is becoming all the more crucial because supply is shrinking at the same time as demand is rising.