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The broker posted a net loss of $1.67bn including pre-tax non-cash losses. -
The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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Rate deceleration in property cat increased in September, and property pricing overall was down in Q3.
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The stock was hovering around $40 per share just before closing.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The sale is expected to close next month, though terms are not yet final.
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The promotion is effective as of January 1.
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In the quarter, the company reported a CoR of 92.3%, up two points YOY.
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A quick roundup of today’s need-to-know news, including Chubb and Aon’s Helene/Milton loss analysis
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Greenberg said London behavior in cat market “is almost aberrant relative to everybody else”.
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Total insured losses are expected to range from $34bn to $54bn.
