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He was appointed acting CEO earlier this month, after Andrade’s departure. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The figure was 54% above the 21st century average.
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The appointment follows a series of moves across the Miami treaty sector over the past 12-18 months.
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Regilio will lead a sales team to “expand market share and forge strategic partnerships”.
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A quick roundup of today’s need-to-know news, including Travelers' earnings and Verisk's wildfire loss estimate.
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The move comes after Argo Pro announced it will exit professional lines.
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Cat activity was a “modest” $175mn for Q4, but still up year over year.
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Losses from the larger fire will amount to $20bn-$25bn, the modeler said.
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The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
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Cat losses rose to $175mn, fueled by Hurricane Milton and higher Helene estimated losses.
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Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
