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Demand and growth opportunities remain ample despite competitive pressures. -
The executive previously held roles at Capgemini, The Hartford and AIG.
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But June was the busiest month of the year on the back of recent broker churn.
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The cyber business will continue to operate as a standalone entity.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The outages began around 07:00 ET on Tuesday.
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The insurer’s system has now been out of commission for over two weeks.
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The decrease in premiums aligns with price cuts across the market.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The insurer first noticed “unusual network activity” on June 7.
