Reinsurers
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Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’. -
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In the US, the index fell 6.7% year on year.
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The reinsurer said US president Donald Trump’s policy was already impacting investment.
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Although overall compensation has gone up, analysis shows divergence versus value creation.
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Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
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The executive succeeds Tim Barber, who left the firm as of July 1.
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Litigation costs continue to weigh on long-tail lines, but effects of tort reform are visible.
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It is the second deliverable of the FIT Transition Plan Project.
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The changes affect operations in Switzerland, Bermuda and the US.
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The broader legislation narrowly passed the Senate and now heads to the House.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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