Stocks
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A Markel executive said he expects most investors will seek to cash out by March 31. -
The insurer recouped A$7mn ($5.0mn) from reinsurers under its aggregate protections.
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The carrier renewed its retro contracts and expanded its K sidecar to $640mn for 2019.
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The Luca Albertini-led ILS manager will become a direct subsidiary of the Japanese insurance group, rather than being held by MS Amlin.
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Kathleen Faries is a founding member of the body, launched in 2013 to promote ILS in Bermuda.
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The Catco platform is under regulatory investigation in relation to loss reserves recorded in 2017 and 2018.
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The firm’s Q4 fee income was down year on year, but over the course of 2018 has risen 35 percent from 2017.
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The Sompo International manager will consider share buybacks, CEO Michael McGuire said.
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Scor said the criminal action against Covea and CEO Thierry Derez is for “breach of trust and concealment of breach of trust”.
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Martin Vezina had held the chief underwriting role at the Axa XL ILS platform since 2015.
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Regulatory investigations can move at a snail’s pace.
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The fund incurred most of its losses in the fourth quarter.
