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Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
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Carriers have sought to restore profitability through a mix of rate hikes, policy restrictions and localized non-renewals and moratoriums on new business.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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Commissioner Lara’s 2019 mandate, ordering FAIR to offer a more comprehensive insurance package beyond its historical “fire-only” coverage, has now survived a second court challenge.
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Issues over reinsurance pricing and capacity continued to plague commercial property.
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The executive will be based in the company's Morristown, New Jersey office.
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The appointment comes two weeks after this publication revealed that the executive had resigned from Lockton to join the rival broker.
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Distinguished will initially offer a true follow-form excess product covering D&O, employment practices and fiduciary liability for public, private and non-profit risks.
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The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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Former pricing actuary Chris Chandriotis will lead the team.
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“Unfortunately, it's a situation of getting rate to fund [the litigation costs] and being able to stay in the market long term,” Taylor told Insurance Insider US in an interview.