Axis Capital
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The three lines add up to 80% of the deal. -
The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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The company’s reshaping of the book will be substantially completed by year end.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In tandem, John Posa joins the primary casualty team as vice president.
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The executive moves from his current role as chief risk officer for Axis Managing Agency.
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
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The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
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Civil case, nuclear verdict and claims count data show worrying trends.
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