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The H2 rate predictions mark a slight moderation from those in H1. -
The discrepancy between rising claim counts and favorable reserves is cause for concern.
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He will oversee management of the P&C loss adjusting business.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Despite reserving actions, there are no signs of reinsurance capacity shortages in the market.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The executive’s experience centers on program design for complex risk.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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Ascot is supporting Trident, Paragon’s public entity casualty insurance program.
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The CEO said he is “optimistic” about the future of the commercial space.
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Casualty is less of a concern, despite reserving issues.
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Reserving actions have added pressure to upward pricing.
