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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively. -
AIG, HDI Global and others have settled. Chubb’s fight continues.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The reduction was due to impacts from investments and less favourable PYD.
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The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The remediation process is on track for completion in the fourth quarter.
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The reinsurer also promoted Ethan Allen to chief program officer.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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The company also hired Beazley’s Tracy Holm as general counsel.
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