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Overall, insurance rates fell by 1%, led by competition in property. -
The three-year deal is expected to generate $200mn in GWP over the period.
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Sources said that Milton may slow the pace of rate deceleration.
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Previously, Thomas Long was an AVP for construction at Arch.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
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Plaintiff Ionian has alleged a “fraudulent scheme” under the Rico laws.
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Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
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The company said $13bn-$22bn will come from wind damage.
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Prior to the event, clients were expecting a “very competitive market environment”.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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The carrier will only continue to offer lead capacity to some existing accounts.
