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Industry sources estimate the market to be around $3bn. -
Price Forbes operations in Miami, Chile and Peru will report to Mulic.
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The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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The insurance industry has experienced mounting losses from severe convective storms.
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Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.
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The company is seeking to expand in the reinsurance and retrocession markets.
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The carrier was seeking to expand its March 1-renewing program.
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He also joined Everest’s board last week as an independent director.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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This year’s coverage will involve $2.94bn of new risk transfer.
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Dickerson has spent over three years at the reinsurance broker.
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These events can also no longer be considered secondary perils, executives said.
