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Axa XL leads the Arkansas-headquartered food company’s property programme, according to market sources.
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The company has created a new management committee as it refocuses on disciplined underwriting.
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Barnes moved to Houston earlier this year to lead the Marsh JLT integration
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Commercial property insurance lines have improved their loss ratios by as much as 18 points using the technology, according to a Sigma report. -
More disciplined underwriting and increased submissions are driving rate in the property space.
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Arezes joins the carrier’s Toronto-based property operation from Zurich.
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The MGU will enable third-party capital to provide capacity alongside Arch’s product offerings.
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The new recruit joins after a 19-year international career with Axa XL.
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A fault on the title real estate insurer’s website left 885 million records exposed.
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The investment changes will support the company’s continued push into the property catastrophe space.
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The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
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The renewal reflects significant repricing for the quota share following several cat losses in the period.
