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The executive was previously vice president of property and multiline treaty at PartnerRe -
Gerry Alonso is also promoted to division manager of middle-market property business AFM.
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The carrier says the claims outstrip expectations by $20mn as it predicts a Q4 combined ratio of up to 96.5 percent.
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The Bermuda-based start-up run by Lefebvre, Lucking and Weston receives regulatory approval.
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Unmodelled cat losses are prompting a reassessment of pricing, the broker said.
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
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Strong balance-sheet growth, marginal operating performance, favourable business profile and appropriate enterprise risk management were factors in the outlook.
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The mutual would provide capacity to a network of managing general agents, in order to increase options available for cannabis businesses.
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Senior hires join from Chubb, Brit and Liberty Specialty Markets.
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The parent of Philadelphia Energy Solutions will receive an additional $15mn upfront for damage from a refinery fire.
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Legislators in Florida say more nat cat risk should be covered by private insurers.
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Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.
