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The bureau reported that based on total counts, nearly 90% of claims related to the wildfire, which lasted from May 28 to June 4, were filed in the homeowners market. -
Cyber GWP could exceed $50bn by 2030, the broker predicts.
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The aviation war segment is also proving ‘treacherous’ to buyers, according to the latest Plane Talking report.
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The first signs of limit expansion, growing appetite in the admitted market, and retail brokers' impatience with wholesalers are all evident.
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In addition, the insurer completed the $240mn sale of its agribusiness unit Crop Risk Services to American Financial Group (AFG).
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Rates continue to rise through June, with the homeowners’ weighted average rate change coming in at 8% for the month, while auto rates increased by a significant 11.3%.
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The legacy carrier reported significant unrealised investment losses.
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Inside P&C’s news team runs you through the key highlights of the week.
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The broker’s latest report finds stability but continued price discipline in most lines and regions.
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The broker used three major cyber models to analyse the drivers of model variability, with revenue coming top as the most prominent driver of loss variability.
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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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