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Last week, the company disclosed an ultimate loss ratio of 36% for 2022, as the market softened after a period of dramatic hardening in 2020/21. -
Reinsurers are starting to see increased demand from personal lines, where valuations are being updated to match inflation.
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He will be based in Connecticut and report to Alex Blanco, Vantage's chief executive, insurance.
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If the crisis had played out differently with defaults on deposits, surety insurers would have run up huge losses.
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In connection with the transaction, Amwins and Flexpoint will each appoint a representative to the SageSure board of managers.
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The cyber MGA reported that claims severity increased by 7% to an average loss of nearly $169,000, fueled by business email compromise and other types of attacks.
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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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AM Best’s last rating was to downgrade the financial strength rating (FSR) of the members of the Hallmark Financial Group to C++ (marginal) from B++ (good).
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Strong results reflect tailwinds in the E&S space, but social inflation will be a trend to watch.
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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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Inside P&C’s news team runs you through the key highlights of the week.
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The surge of demand combined with capacity constraints has led to pricing increases across the board.
