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The take-up rate will depend on the price discount and market segment. -
The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
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The MGA market now makes up 10% of the overall P&C market.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
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In casualty, getting significant blocks of capacity remains a major challenge.
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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
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The facility is a nudge towards a structural change, not a full-out assault.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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As the industry gathers in Chicago, Insurance Insider US reviews key discussion points.
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The facility provides up to $100mn in claims-made excess casualty coverage.
