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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.
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The CEO said companies are still taking charges on years 2013 to 2019.
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As the industry gathers in San Diego, these are the key discussion points.
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Other executive hires include AIG’s Joseph Fitzpatrick as head of distribution.
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The executive joined the firm in January from Nationwide.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.