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An estimated $450mn of losses from Hurricane Beryl will wipe out a surplus Twia had been building since 2017. -
"Life-threatening" storm surge and hurricane-force winds are expected for the state, according to the NHC.
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Amwins anticipates market softening will continue, absent loss ratio concerns.
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The estimate from the Perils-owned company does not include any losses from Hurricane Debby.
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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
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The lawsuit names additional attorneys, doctors and medical practices.
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A hurricane watch is now in effect for the Louisiana coastline.
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The company is currently “underweight” in that line of business, he added.
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Improved profitability has led some insurers to increase their own retentions.
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Expansion of the middle-market book is an ongoing focus.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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Future deal flow in the US could come from more adequately reserved liability lines.
