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The appointments will enhance Chubb’s Latin American leadership structure.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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Total insured losses are expected to range from $34bn to $54bn.
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Worrisome trends in the line may be warning signs of worse to come.
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It’s time regulators take decisive action regarding the company and regulation, sources say.
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Westhoff will also spearhead the launch of QBE’s E&S property offering.
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Underwriting remains disciplined as insurers target profitable growth.
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The price for policies with the same limit and deductible decreased 6.0%.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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However, rate gains again accelerated year over year for all lines except workers compensation.