Re/insurers
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian. -
Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
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Storm surge of two to four feet could affect the North Carolina coast.
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The Delaware high court’s reasoning could find application in other cases.
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This publication revealed yesterday that the two were in detailed takeover talks.
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