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As property momentum slows, personal lines excess and surplus could start outperforming.
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Reserve analysis shows that OL reserving may be insufficient for recent AYs.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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The CEO estimated that the loss trend is running in the high 5% range, slightly below the carrier’s rate increase.
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The arrangement enables PCS to expedite growth.
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Axa's newly formed teams join the company's "complex cyber" unit.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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Rising medical inflation, less favorable frequency trends and difficulty in getting rate are challenging the line.
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The first RICO complaint targeted medical providers and training centers.
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Loss cost inflation remains an unknown and is sustaining price discipline.