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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina. -
The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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The revision is significantly lower than the $4.5bn October estimate.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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Sources said that the program manager is being advised by Dowling Hales.
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Modeling wildfires is particularly challenging compared to primary perils like hurricanes.
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The exec will lead key initiatives including Aon United, and work closely with NFP.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Large account and E&S property have gotten competitive faster than expected.
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The CEO said Ascot would deploy capital where it sees opportunities.
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The former leader, Kirby Hill, will assume the role of chairman, captives and specialty programs.
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State Farm will need to provide its CA subsidiary with a $400mn surplus note.
