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The oversubscription may signal additional capacity waiting on the sidelines. -
Ten states joined in the original suit.
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The global insurer also alleges breach of contract and fiduciary duty in the federal suit.
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TMHCC said the appointments underline its "commitment to innovation, market expansion and customer service".
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The announcement confirms earlier reports from this publication.
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As admitted carriers pull out of riskier plays, E&S continues to expand and thrive.
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Old Republic Aerospace CEO Ralph Sohl will continue in his current position.
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Rate increases are expected to continue, but at a slower pace.
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The downgrade reflects the company’s balance sheet strength, which AM Best assessed as weak.
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The leadership team includes Spinnaker co-founders Dave and Ken Ingrey and ex-CUO Miles Allkins.
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A claim on that scale would test the market in ways it has never seen.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
