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The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo. -
The credit can now be applied to mitigation against operational losses.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has now posted rate increases for 37 consecutive quarters.
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The executive said the firm has grown its casualty business by 80% from 2022.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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Widespread underinsurance and low exposures will limit losses.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The regulations are designed to address long-term solvency concerns.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The global insurer will need to convince investors on the quality of the book.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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The executive’s exit follows CEO Joseph Lacher’s resignation last week.
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Workers’ comp rates dropped again, but the decline slowed from last quarter.
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APIP is one of the world’s largest property programs.
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September’s medical care index increase follows a 0.2% drop in August.
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While limited to only some accounts, it’s a sign of the intense competition in the segment.
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The Insurance Insider US news team runs you through the earnings results for the day.
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