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The platform aims to “bend the loss curve”. -
The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
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He joins the company after 22 years in casualty leadership roles at Chubb.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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All rates were up on a year-over-year basis, except for workers’ compensation.
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Both executives will be based in New York City.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The ratings outlook has also been revised to stable from negative.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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