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The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
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Across three offerings, Victor increased coverage maximums by $33mn.
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Some see flat renewals this year, while others report deployment of larger lines.
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The firm will no longer have to compete with one hand tied behind its back.
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Only umbrella posted a higher rate increase, while workers’ comp continued to drop.
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Casualty is less of a concern, despite reserving issues.
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Mizell will be based in IMA’s Houston office, its fastest-growing regional division.
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The vehicle will give the legacy carrier a US platform.
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Reserving actions have added pressure to upward pricing.
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The carrier’s comments on claims severity should serve as a warning for the industry
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The promotions are within RT Specialty's environmental and construction professional practice.
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Arkin Holdings and Launchbay Capital also participated as new investors.