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Twia filed for the rate hike in August after an actuarial analysis showed that rates were inadequate. -
He will oversee the launch of Tokio Marine’s new excess casualty line.
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The executive joins Applied from Canopius.
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The carrier has appointed AIG’s Sharon Primerano as vice president and US inland marine manager.
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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
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Florida insurers averted a crisis, but reinsurers will still see damages.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Business email compromise was up 9%, comprising nearly one-third of claims.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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