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Commercial and residential carriers have different requirements.
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His experience includes HPR engineering, facultative reinsurance and E&S underwriting.
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The Florida portion of the program provides $1bn in protection.
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The H2 rate predictions mark a slight moderation from those in H1.
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He will oversee management of the P&C loss adjusting business.
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The Howden-owned MGA lost ~$250mn in cat capacity in September.
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The broad themes remained the same as those dominating in April.
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Additional capacity for upper layer coverage is driving rate reductions, the broker says.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The outlook calls for an 85% chance of an above-normal season.
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He will report to Cynthia Beveridge, global chief broking officer for commercial risk.
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Ten companies have filed a 0% increase and at least eight companies have filed a rate decrease to take effect in 2024.