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In other property, Helene and Milton will assure rates remain attractive, he added. -
D&O and D&F are also facing increased competition, but property remains price adequate.
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The company has written over $100mn in gross premium in the US this year.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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RiverStone is assuming $1.2bn of a $1.6bn legacy deal.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The company’s reshaping of the book will be substantially completed by year end.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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