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The estimate includes wind damage, as well as damage to property, automobiles, agriculture and direct BI. -
Key names taking up senior roles at Validus include Sven Wehmeyer and Pablo Nunez.
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The senior retro/specialty broker spent 26 years at Willis Re, which was acquired by Gallagher in 2021.
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Under the agreement, reached late on Monday, Vesttoo would sell its assets in a transaction that would close by December 1, 2023.
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The worst of the damage was experienced in Brest, northwest France.
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Alexander will join after his competitive restrictions are up.
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The ILS sector grew in the context of 0% interest rates historically.
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De Klerk spent a decade at Artex Risk Solutions, where he created special purpose insurers and closed cat bonds.
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The sidecar’s loss ratio improved by 139 points to 35% in the latest quarter.
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Tim Mardon will become CUO at Aspen Bermuda Limited and a member of Aspen Re’s leadership team.
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The storm caused significant wind damage and flooding across parts of Scotland and England.
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Up-to-date building codes could reduce the amount insurers pay in the Caribbean by 18%, according to the risk modeller.
