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The regulator also emphasized the need for private flood insurance after hurricane Helene. -
A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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The Willis name, which dates back to 1828, will be used with clients and markets.
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Robin Hamilton has been appointed head of energy and marine liability.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
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The company will now focus on growing its E&S and InsurSec offerings.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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A quick roundup of today’s need-to-know news, including US CPI numbers and the California Fair Plan.
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Piyush Patel and Sandra Russo have joined Dellwood as head of programs and AVP, respectively.
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