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The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%. -
It is understood that the company aims to launch in Q3 or Q4 of this year.
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AM Best recently downgraded the insurer after Gallatin Point acquired a majority stake last January.
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The body’s budget committee is again pressing Citizens over solvency concerns.
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Long-term confidence in the market depends on the details of the new tax rule.
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May and June takeout requests for Citizens are exceeding expectations.
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It is backed by paper from MS Transverse, this publication understands.
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Existing taxes could be lowered under a potential new structure.
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The Insurance Insider news team runs you through the earnings results for the day.
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Overall rate expectations are flattish to single digit increases.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The former MS Re CUO brings over 30 years of industry experience.
