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Kemper’s current results and historical trends suggest continued difficulty and remains a TBD story.
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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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The Inside P&C news team runs you through the earnings results for the day.
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Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.
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The ratings agency cited increased business due to declining capacity in commercial lines and some personal lines markets.
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Berisha will serve as head of US marine cargo, Vandermyde as underwriting manager, inland marine.
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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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Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
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The challenging funding environment has left InsurTechs with limited options for capital raising and liquidity.
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Susan Arnold, co-vice chair of NAIC’s P&C Insurance Committee, also urged passage of legislation exempting mitigation grants from taxation.
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The carrier is now working with Stonybrook Capital on a mix of equity and debt as it looks to expand its capital base beyond $100mn.
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The decline marked the sixth consecutive quarter of double-digit pricing declines.