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The company also noted it is moving forward with plans to relocate its operations from Bermuda to Vermont.
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Canaccord Genuity now expects Beazley’s earnings to be 25 percent lower than its previous forecast this year.
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The index grew for the second consecutive week, recouping the entire 1.6 percent loss made in October.
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Non-life net written premium at the Bermuda carrier surged by 17 percent.
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Investment income and an improved performance at StarStone lift the group result.
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The carrier wants to use capital for underwriting rather than a special dividend.
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Incoming CEO Rehnberg said he is “not satisfied” with Bermudian's Q3 performance
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Industry veteran has “never seen anything like it” after admitting AIG was not “addressing the E&S market appropriately”.
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OneBeacon earlier this year exited $75mn of healthcare business amid a profitability improvement programme at its parent division.
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As claims from Dorian and Faxai dent Q3 results, this publication assesses the impact on the market so far.
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The period marked the first full quarter reflecting the integration of Navigators into the company.
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The group recorded a four-fold increase in operating earnings despite absorbing losses of $281mn from Typhoon Faxai.