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Sources expect to have a clearer picture of the impact of higher ransomware and lower rates by Q4 or early next year as pricing decreases 5%-15%. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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According to a source familiar with the matter, policyholders will see four changes coming – some nationwide and others specific to certain states.
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AIG expects to add new capital providers to its recently launched HNW MGA “in the coming quarters”.
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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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It marked the highest YoY growth this year, followed by 46% growth in January and 40% in June.
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The Bermuda-based specialist said the capital injection will boost its talent acquisition and product development plans.
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As part of the financing round, which closed last week, Tom Kang was elevated to Converge’s CEO from his prior role as the MGA’s chief insurance officer.
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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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Some 81.5% of policies renewed with the same limit and deductible, marking a return to historic levels after bottoming out in Q3 2020. Among those policies, the average price decrease was 13.8%, while the average price increase was 30.2%.
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The US and Europe have shown concerns over Lloyd’s of London war exclusion wording, the report shows.
