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Unmodelled cat losses are prompting a reassessment of pricing, the broker said. -
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.
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Speaking during a conference in New York, the executive said said P&C pricing into 2020 would remain “disciplined".
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The Miami-based group will initially focus on developing property and casualty, employee benefits and corporate business.
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As claims from Dorian and Faxai dent Q3 results, this publication assesses the impact on the market so far.
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The AIG subsidiary achieved rate rises of 30 percent across commercial D&O while also reducing its portfolio loss exposure.
