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UPC’s closing price hit the bottom of $0.99 per share on Sept 6 and has remained below the $1.00-threshold ever since.
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Arch’s estimate is commensurate with a range of expected insured losses across the global P&C industry of $50bn to $60bn.
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The executive steps into the role at a significant time where the company faces the task of dealing with the consequences of Hurricane Ian.
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A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.
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The federal flood insurance program’s claims count has stepped up from 25,000 a fortnight ago.
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The carrier is the latest in a string of primary insurers to provide loss estimates.
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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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So far, the company has received nearly 12,000 claims associated with the storm.
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Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.
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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 executive will report directly to SiriusPoint CEO Scott Egan, who joined SiriusPoint from RSA in early September.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.