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The R&Q share price has plummeted since the sale of the ~$1.8bn-premium fronting arm was announced 10 days ago. -
The company also plans to ramp up its media spend in 2024 after having significantly slashed advertising budgets earlier this year.
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Up-to-date building codes could reduce the amount insurers pay in the Caribbean by 18%, according to the risk modeller.
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Following reforms enacted by the state, the insurer will seek to provide new insurance coverage options to property insurance policyholders.
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Sources said that CAC Specialty brokered the policy, which is placed across the US and London markets.
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The new financing builds on the $148mn raised to date and follows recent belt-tightening measures that included layoffs.
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The carrier has appointed Scott Bailey as vice president of field operations for contract surety, among seven recent hires.
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At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.
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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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There is a “confluence of factors” making the current raising environment more challenging for companies, the CEO said.
