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With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The firm expects to replace the volume with Innovations-channel business.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
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Hamilton also expects rising demand and stable supply for June 1 renewals.
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Hits to personal auto, workers’ compensation led to a drop in NWP.
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The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
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The deal will place the highest ever private valuation on a broking firm.
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The initial offering includes 6,875,000 shares of common stock.
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The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The preferred shares will mandatorily convert to common equity on an IPO.