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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer. -
The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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The agency’s outlook for global reinsurance remains at Positive.
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The construction industry remains a top target for attackers and was the most impacted sector in Q3.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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The broker will be using Verisk US agricultural risk models.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
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Umbrella recorded the highest premium increase, at 8.6%.
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Through Q2 2024, the index is up 10% since 2020.
