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RiverStone is assuming $1.2bn of a $1.6bn legacy deal. -
Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4.
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Executives noted that US casualty and professional lines development has been close to flat this year.
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The appointments will enhance Chubb’s Latin American leadership structure.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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The insurer has been focused on growing products with lower cat exposure such as pet and renter’s insurance.
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The NFIP can take on more debt, but climate-fueled disasters aren’t going anywhere.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The stock was hovering around $40 per share just before closing.
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Total insured losses are expected to range from $34bn to $54bn.
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Worrisome trends in the line may be warning signs of worse to come.
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