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The executive will focus on food and beverage manufacturers and distributors.
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Focus on reserves to continue as gap between cautious reservists and others emerges.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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Commercial lines will remain bifurcated, with strong growth in property and weak growth in liability.
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Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
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The executive has been with Zurich since 2018.
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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.
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Freeman has spent 11 years in property leadership roles with BHSI.
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The cyber market faces significant claim notifications from Change Healthcare clients.
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Pauline Morley will report to John Van Decker, head of global financial lines.