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Sources previously told this publication there is up $15bn of exposure on-risk locally. -
Cedants and brokers are navigating the complexities of varying risk appetites signaled by reinsurers, who are willing to provide more capacity for cat treaty but only at certain layers as they maintain discipline.
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The report noted that, overall, marine insurance results appear to indicate growth, which Iumi welcomed after a prolonged period of negative returns.
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Insurers have paid out $673.3mn in claims through September 30 for residential losses related to the August fires.
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Resilience CEO and co-founder Vishaal Hariprasad said cyber rates are expected to even out, and possibly creep back up, in the near term.
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Kemper’s current results and historical trends suggest continued difficulty and remains a TBD story.
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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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The Inside P&C news team runs you through the earnings results for the day.
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Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.
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The ratings agency cited increased business due to declining capacity in commercial lines and some personal lines markets.
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Berisha will serve as head of US marine cargo, Vandermyde as underwriting manager, inland marine.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
