Aspen
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Head of global casualty Beatrice Morley has been put in charge of the Asia Pacific region, while Phillip Hough will remain the head of global property. -
The changing reinsurance market dynamics are impacting reinsurers' ability to raise rates.
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The industry veteran is credited with having built Arch’s well-respected mortgage credit business.
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The company is accused of “brazenly cheating” Andrew Kudera of his own money and of owed compensation, the lawsuit states.
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The newcomer replaces Andrew Kudera, who was hired in January last year but has now left to pursue other opportunities.
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The new logo and slogan follow a year of progress in the carrier’s turnaround plan.
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Aspen’s outwards reinsurance team now also joins the carrier’s capital markets unit.
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The ratings agency also affirms the carrier’s financial strength rating of A.
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The executive says the carrier made strides last year in its underwriting and is well positioned for growth.
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Catastrophe losses more than doubled to $360.8mn, which included $181.2mn of Covid-19 losses.
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The deal including 2019 and prior-year business covers about $500mn of loss reserves.
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Parr, the famed investment banker, had represented Apollo on the board and steps down with immediate effect.
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