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Inside P&C’s news team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Reinsurers are less worried about their property books compared to last year, and eyeing development of casualty loss costs due to social and macroeconomic inflation.
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The underwriter has previously worked at AIG, Chubb and Markel.
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Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).
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Velocity Specialty Insurance Company will operate across all 50 US states.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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From July 2021 until March this year, Smith served as CEO at Risk Theory, a Texas-based MGU with over $500mn in GWP.
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The bureau reported that based on total counts, nearly 90% of claims related to the wildfire, which lasted from May 28 to June 4, were filed in the homeowners market.
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Cyber GWP could exceed $50bn by 2030, the broker predicts.
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The aviation war segment is also proving ‘treacherous’ to buyers, according to the latest Plane Talking report.
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The first signs of limit expansion, growing appetite in the admitted market, and retail brokers' impatience with wholesalers are all evident.
