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Reserving trends, pricing declines and hurricane forecasts are causes for concern. -
Longstanding investor Stone Point will continue as a partner and board member.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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The industry is mostly reluctant to raise capital with high interest rates, except for brokers.
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It is understood that the goal is to use a capital injection to form a reciprocal.
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The program is led by the same carriers as the expiring treaty.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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The executive had been interim CEO since January.
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This is Emerald’s second facility, after its earthquake deal with Arrowhead.
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There was a 12% increase in flood sums insured to C$7.3tn.
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An “above average” hurricane season could spell disaster, but forecasts are not gospel.
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The losses added 12.3 points to the firm's 100.4% CoR.
