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Former CEO Buss had been appointed in November 2023. -
The rating allows IQUW to access $1bn in group capital.
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Industry sources estimate the market to be around $3bn.
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A quick roundup of our best journalism for the week.
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Shareholders say the stock has declined around 59% in the past year while book value has dropped ~30%.
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He also joined Everest’s board last week as an independent director.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The company is seeking to promote growth in its US excess casualty book.
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“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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John Howard was appointed as an independent, non-executive member.
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On Monday, the firm reported a Q4 CoR of 155.1%, versus 98.1% a year ago.
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