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The top four lines posted low-single digit to high-single digit policy count growth. -
Competition is high and rates remain under pressure.
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The executive joins Jencap following a 20-year career with Markel.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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Severe convective storms, wildfires and hurricanes increasingly moving inland are top concerns for the industry.
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Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The downstream market is also starting to soften after a “massive influx” of premium income.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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The carrier has made several recent high-level promotions.
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The July downtime will increase relevance, demand and innovation for the market.
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Palomar acquired FIA for 1.7x closing book value to enter the surety market.
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The CEO said he expects cyber rates to start flattening post-loss.
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