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The property market remains “one of the most favorable ... I've seen in my career,” the executive said. -
Urs Ramseier will be CEO and Herbie Lloyd CIO.
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The event would represent a loss ratio impact of roughly 3%-10% on global cyber premiums of $15bn today.
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The reinsurer raised $84.5mn of third-party capital in the quarter.
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The weighted average direct financial loss for a Fortune 500 firm was $44mn.
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The sale is expected to be completed by the end of the year.
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The executive will replace Habib Kattan, who joined the company last summer.
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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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Changes made will make it easier to compare the funds, said Albourne’s Michael Hamer.
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The carrier purchased an additional $150mn of cover.
