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Large account and E&S property have gotten competitive faster than expected. -
This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The executive joins forces with executive chairman and co-founder Erik Matson.
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The reforms limit liability for some small businesses in the state.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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The result has been a sharp increase in the use of captives.
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He was most recently middle market casualty leader and EVP at Chubb.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
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The medical CPI is up 3.1% for the last 12 months.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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Growth in construction projects is increasing the need for coverage.
