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Previously, Thomas Long was an AVP for construction at Arch.
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This could change if Milton losses turn “ugly”.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
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Plaintiff Ionian has alleged a “fraudulent scheme” under the Rico laws.
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Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
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Sources said that a deal between the two sides could be reached in the next couple of weeks.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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The company said $13bn-$22bn will come from wind damage.
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Sources said that Nacional would only consider a bid north of $150mn.
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Prior to the event, clients were expecting a “very competitive market environment”.
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The catastrophe loss estimate for September totalled $889mn, pre-tax.
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Grandisson's sudden retirement could mean a complicated future for Arch.