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The executive said his company is still “strongly capitalized” after raising its $118mn Series C round in March. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The industry group reported that Covid-19 driven claims reached 60,000 during 2021, with losses from the pandemic totaling $500mn.
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The insurer has seen claims frequency decline but is still cautious in translating it to reserving and pricing.
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Now Seaglass CEO, Austin was previously president of the Atlantic region at Memic Group.
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The workers' comp specialist looks to digital gains and expense controls to counter a decline in underwriting profit.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Peters will help guide Kinetic Insurance’s growth strategy after its recent launch in partnership with Nationwide.
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The company also announced the appointment of Prudential’s Billy Greer to its board of directors
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The company recognized $24.2mn of favorable prior-year loss reserve development this quarter, versus $39.7mn last year.
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Co-CEO Carl Lindner said his company has made “some adjustments” in staff compensation in response to higher inflation rates.
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The lingering pandemic leaves the industry with uncertainties over return to work, labor shortages and Long Covid.
