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The Insurance Insider US news team runs you through the earnings results for the day. -
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1.
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The executive brings more than 30 years of industry experience to the role.
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A quick roundup of today’s need-to-know news, including Tradesman’s Rico suit, US CPI, and wildfire risk.
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Insurance industry representatives meanwhile say they’re common sense and necessary.
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Tony McIntosh and Eric Morrison both join from TruPoint Underwriters.
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The all-items CPI increased 2.9% over the last 12 months.
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The downstream market is also starting to soften after a “massive influx” of premium income.
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The complaints are the first effort to crack down on existing suspicions.
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In June, Insurance Insider US revealed that the ~$550mn Ebitda business is working with Evercore to bring in a new ~30% backer.
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A letter wants an update on progress towards addressing climate-related financial risks.
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Private broker Q2 Ebitda margins contracted to 26.8% from 29% in Q1 and 27.1% a year ago, according to the survey.
