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Executives noted that US casualty and professional lines development has been close to flat this year. -
Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The Hartford will assume a quota share of Coalition’s UK cyber program.
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Sinclair had $50mn in coverage through five separate cyber policies.
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The airline says the crash resulted in over $500mn in losses.
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Coverages include missed bid reimbursement, contingent bodily and property damage, and drone use violations.
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Underwriting remains disciplined as insurers target profitable growth.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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Ball will succeed Jeff Poliseno, who is set to retire.
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It is understood that the company has retained the services of Dowling Hales as adviser.
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Overall, insurance rates fell by 1%, led by competition in property.
