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Top Stories / Ad / Most Recent
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The total would give the Bermudian a higher yearly cat loss total than it recorded in 2017.
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The step is the latest in a flurry of initiatives companies in the insurance sector are taking to combat climate change.
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CEO Pina Albo says the company will be recruiting talent in “targeted lines of business”.
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The move is part of a trend in the cargo market towards integrating cargo tracking technology into insurance products.
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Cat losses will cost up to $80mn, down from last year’s $140mn, as the carrier indicated underlying results continued to improve in Q4.
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The reinsurer anticipates a $175mn hit from Covid-19 claims during the quarter.
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The move comes as environmental policies move up the list of investor priorities.
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The retro specialist joins the firm as it prepares to expand its reinsurance interests after spinning out of Willis.
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The Bermuda (re)insurance trade body elects officers for 2021-2022.
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An unnamed investment manager posited a Watford bid worth about $21/share around four months before Arch’s eventual $35-per-share takeover agreement.
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More competitive pricing than expected brings into focus trade-offs around retaining more risk going forward.
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The Bermuda-based company is set to offer excess liability capacity to the North American energy sector.
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