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The company incurred $563mn of total cat losses related to the storm. -
He will oversee the launch of Tokio Marine’s new excess casualty line.
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The carrier has appointed AIG’s Sharon Primerano as vice president and US inland marine manager.
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The estimate includes private cover for residential, commercial and industrial property.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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The executive has been group CUO since 2021.
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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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Shares gained after Hurricane Milton did less damage than anticipated.
