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The announcement spurred a quick spike in stock market valuations. -
The coverage will only be available in Illinois and Michigan at first.
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This publication revealed last year that Brownyard was considering a sale.
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The company has hired Axa XL’s Irvine to lead the new platform.
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The program is being launched through subsidiary Southern Marine.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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The package comprises a $100mn cat bond and a $70mn sidecar.
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The company is expanding availability of its large enterprise offerings.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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The executive was most recently chief revenue officer at Aon.
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Data, technology and telematics could turn the struggling sector profitable.
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The tariffs could expose insurers to the risk of recession and shrinking income.
