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The Floridian also secured $352mn of multi-year coverage extending to 2027. -
The executive has over 30 years of finance and industry experience.
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The company’s credit ratings had been under review since early this year.
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Companies often purchase policies with limits far exceeding their actual exposure needs.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Rate cuts are slowing as insurers agonize over claims trends, but capacity is high.
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This will allow Ark to write business on surplus line paper and Lloyd’s business.
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Acrisure recently raised $2.1bn from investors in its latest step towards an IPO.
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Rates and limits have done the heavy lifting to date – but there are other options.
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Starr and Axon also are among those on the Marsh USA-placed $40mn line.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
