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The organization was hoping to grow its reinsurance cover. -
The group will house a segment for specialty and benefits and another for underwriting.
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The company is seeking an emergency rate increase after the devastating Los Angeles wildfires.
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The first round of the E&S boom has already played out, but this is a long game.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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The CEO expects to see a larger shift between condos and apartments in 2026 and 2027.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
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The firm projects losses from the fires at between $160mn-$190mn.
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Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
