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The firm reported $547mn from Hurricane Helene losses. -
Grandisson's sudden retirement could mean a complicated future for Arch.
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Organic growth fell by 1 point quarter on quarter and was down by 5 points from Q3 2023.
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Hurricane Helene was blamed for $92mn of those losses.
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A bill in Congress would expand a similar pilot tried earlier in New York City.
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HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
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The carrier will only continue to offer lead capacity to some existing accounts.
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Current rates at 2% to 2.5% translate to an 86% incurred loss ratio.
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A quick roundup of today’s need-to-know news, including nat cat loss estimates, HCI and R&W rates.
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The agreement will bolster Asic’s surplus and expand underwriting capacity.
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Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
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Most of the insured loss was attributable to wind.
