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Top Stories / Ad / Most Recent
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Sources suggested the business was unable to secure its reserve price from bidders. -
Two Sigma has delivered stellar returns, but its major role at the firm makes it a total return (re)insurer, with all the baggage that carries.
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The ratings agency has lifted the negative outlook it gave the total return reinsurer in May 2019.
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The moves comes after the hedge fund reinsurer said on Wednesday it generated a roughly $5mn underwriting profit in Q2.
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The insurer cut average annual loss exposure by 40% more than a year ahead of schedule after shedding property limit and restructuring reinsurance purchases.
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The hire previously worked for BMS and Price Forbes.
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The underwriting profits within the carrier’s US operations narrowed to $25mn, after higher economic activity and attritional claims caused margins to tighten.
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The former Alterra Global Reinsurance CEO will be responsible for establishing the new hub for the reinsurance broker.
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Good news may be temporary, no matter how good it is.
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“I think it's fair to say that the market momentum is clearly there,” Grandisson said on Thursday.
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He suggested that the company might be willing to allow higher commissions.
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Janet Cowell, a James River board member since 2016, says she will not stand for reelection in 2022.
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