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The executive said claims can be a differentiator in a softening market. -
CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The rest of 2025 appears poised to remain favorable for insureds, however.
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California, Florida and Texas all saw decreases in monthly premium growth.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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The data modeling firm said losses previously averaged $132bn annually.
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CFO Liam Caffrey has been elected as Rountree’s successor.
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Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
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A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
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Henrietta Butcher leaves Tysers after decades with the broker.
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Lisa Binnie will succeed him as president of the company’s specialty admitted segment effective September 1.
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