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The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023. -
The industry loss number has increased threefold from an initial $5bn pick.
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The total includes fire and smoke damage plus living expenses for evacuees.
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The executive will replace retiree Michael Miller.
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IFC corporate director and chairman of IFC GSL advisory board Clarke will succeed Miller.
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He was appointed acting CEO earlier this month, after Andrade’s departure.
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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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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.
