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SCS losses were also above average in Q1 due to “lingering” La Niña conditions. -
The legacy carrier reported an operating loss of $45.3mn for the year.
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Insurance Insider US explores the economics of the lift-out growth strategy.
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The CUO’s turnover closely follows that of the CEO.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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Insured losses were the second highest on record for the first quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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Alex Amezquita will fill Cahill’s previous position as CFO.
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The business will still look at large non-life deals in particular in-the-money ADCs.
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Live since May 2023, the reinsurer has over 40 trading relationships currently.
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