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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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The decrease takes effect August 20, 2024, and impacts new and renewal business.
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Of that total, $312.5mn was allocated to resolve the PFAS claims.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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The program includes all perils coverage and third-event protection.
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The InsurTech had been pursuing strategic investment options, including a minority stake sale.
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The distribution model itself prioritizes the need for due diligence.
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He will report to Cynthia Beveridge, global chief broking officer for commercial risk.
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Ten companies have filed a 0% increase and at least eight companies have filed a rate decrease to take effect in 2024.
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Mental health problems account for 52% of all workplace injury cases.
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Carnevale was previously chief risk officer for Homesite Underwriting Managers.
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Ascot is supporting Trident, Paragon’s public entity casualty insurance program.