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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene. -
The firm had owned 3.45 million shares in Q2, then valued at over $256mn.
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Moyles will serve as co-president alongside Tom O’Neil.
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Reserve releases for the year-to-date are higher than in prior years despite elevated concerns on casualty trends.
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The executive will build out Hamilton Americas property team and a book targeting commercial E&S risks.
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It is understood that the TPA is working with Waller Helms on the process.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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This publication revealed that Chris Schaper would move into the role on an interim basis in July.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
