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Executives flagged elevated packaged auto loss activity in Q2.
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Underwriters are getting increasingly granular, rewarding mitigation and prevention with better terms.
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For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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Markel executive Alan Rodrigues will lead the unit.
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Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
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The Longtail Re deal buys the specialty insurer time to secure its future, or an exit for shareholders.
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The Irish MGA will be able to underwrite commercial property risk up to EUR10mn.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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Fleming files claims against James River, its CEO Frank D’Orazio and group CFO Sarah Doran.
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Insurers' losses will likely be low and readily absorbed by their earnings.