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Top Stories / Ad / Most Recent
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As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
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Sirius shareholders favour the deal but dissent on compensation proposal.
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The ratings agency described Vantage’s balance sheet strength as “very strong” and assigned the carrier a stable outlook.
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The Bermuda reinsurer's net income per share fell 5% to $206mn during the period. -
Ruschak was the CEO of The Guarantee, which was acquired by Intact last year.
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Across the P&C market, share prices outstripped the 1.16% uptick in the S&P 500 index and the 2.28% rise in S&P 500 financials.
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Condell was previously director of underwriting for Markel’s programs division and has held roles at Travelers, AIG and Liberty Mutual.
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The pandemic contributed $13mn to the quarter’s $30mn Q3 cat loss total.
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The reinsurer's combined ratio deteriorated by 2.4 points in Q3 to 100.4%.
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The disposal plans are the latest of a string of restructuring measures under the leadership of CEO Kevin Rehnberg.
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The international segment’s underlying loss ratio improved by 15 points to 50%.
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The appointments rebuild a team hit with departures in September.
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