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Based in New York, the executive will report to global head of casualty Josh Everdell.
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The deal comes after Insurvia was seeking a new sponsor.
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The facility will target operators across the US, onshore and offshore.
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Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
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It is backed by paper from MS Transverse, this publication understands.
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Premium inflation holds, as loss-cost inflation trends continue to moderate.
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Marsh Specialty has released its Political Risk Report 2024.
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Other liability adverse development is being offset by workers' compensation releases.
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A January freeze saw temps drop to close to -50°F.
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The CPI all items index was at 3.2%, from 3.1% in January.
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Twin Maples is expected to make its market debut in the next few months.
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Commercial lines difficulties continue to weigh down industry results.