SiriusPoint
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Larson and Godlis will be based in New York and Mohamed will be based in London.
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Instead, the firm’s core segments reported $13.5mn in full-year cat losses.
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The carrier will prioritise underwriting profits over growth in 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Putting together two “show me” stories risks investor skepticism.
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It remains unclear whether there could be reputational damage after key shareholder CM Bermuda’s parent, CMIG International Holding, was taken into receivership.
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Earlier this morning, SiriusPoint announced it had been informed that major shareholder CMIH had been taken into private receivership by lenders in Singapore.
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An affiliate of the Chinese investment group has a 33% shareholding in the carrier.
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InsurTech Nirvana plans to expand its offerings with a program designed for fleets with fewer than 10 units.
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Based in Philadelphia, ProVerity provides specialty products to underserved areas of professional liability business.
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Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
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The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
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