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Earlier this week, RMS estimated insured losses for Helene and Milton at $35bn-$55bn.
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A quick roundup of today’s need-to-know news, including the Marsh global index, Allstate and Travelers Q3 results.
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Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
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Prior to the event, clients were expecting a “very competitive market environment”.
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The catastrophe loss estimate for September totalled $889mn, pre-tax.
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CEO John Doyle said global property rates were down 2% versus flat in Q2.
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The firm reported $547mn from Hurricane Helene losses.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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Organic growth fell by 1 point quarter on quarter and was down by 5 points from Q3 2023.
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Hurricane Helene was blamed for $92mn of those losses.
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A bill in Congress would expand a similar pilot tried earlier in New York City.
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HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.