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The executive has over three decades of surety experience in underwriting, consulting, and claims roles, including a stint as surety claims counsel.
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Aon-owned Mexican cat modeler ERN estimated Otis insured wind losses, excluding auto and infrastructure, at $1.2bn-$1.8bn.
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Around 85% of companies mistakenly believe that their property insurance covers some, all or most types of flooding.
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The E&S personal lines insurer also named Malcolm Tsung as commercial lines product management VP and Scott Crozier for a similar role in the personal lines division.
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This month marks a reversal in the pace of inflation for the segment, after auto insurance prices moderated to 18.9% in September from 19.1% in August.
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A-Star offers up to $80mn in additional capacity for D&O liability insurance.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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With the fundraising, Skyward will capitalize on market opportunities within existing lines of business, but also continue to expand into new products.
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Christopher Balch is succeeding Matthew Mueller, who has been named chairman of the business. Both appointments are effective immediately.
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The bill would spur development of a crop insurance policy to cover losses caused by cold exposure and freezes.
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The company distributes insurance through leading national commercial broker partners and currently focuses on manufacturing, agriculture and the construction industry.
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The consideration is expected to be around $140mn plus a $25mn dividend.