Liberty Mutual
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It will also start non-renewing its current book in this line of business beginning in December. -
The company also announced that Asia retail markets will join global risk solutions and that it was launching its enterprise transformation and solutions unit.
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Johnson will assume the role July 3, taking over from Marc Orloff.
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The sale includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal and Spain.
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Talanx said the transaction will make the company the third-largest P&C insurer in Latin America.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The quarterly performance was driven by the global retail market unit which reported $892mn in catastrophe losses during the quarter.
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The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.
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2022 statutory data is now available, and results show winners and losers
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The US mutual cut back its 1.1 reinsurance program, according to sources.
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The improvement was driven by higher earned premium and lower employee-related costs, as well as more favorable cat-loss development.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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