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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023. -
The firm will provide an update on November 22 to avoid holiday season.
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The broker said the casualty segment is approaching an “inflexion point”.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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The loss tally is considerably lower than estimates issued by model vendors.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Richard Mangion spent almost two years as CFO at Bridgehaven.
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The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
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Sources said that Milton may slow the pace of rate deceleration.
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The firm still expects to deliver positive net income for Q3 2024.
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The Floridian insurer has $80mn in surplus, with retention sitting at less than 10%.
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In an interview with this publication, Lara said "everything’s on the table" for future reforms.
