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Cole will lead development of the firm’s financial lines practice. -
The government flood insurance program now carries $21bn in debt.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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The executive moves from his current role as chief risk officer for Axis Managing Agency.
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Experts have raised concerns over significant rainfall, record-setting storm surge and lingering Hurricane Helene debris.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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Industry sources widely expect the storm to wipe out Q3 earnings progress for domestics.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The mid-market unit has been a home run but will now face the fresh test of integrating a $1.3bn revenue business.
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The executive joins Munich Re from Amwins Global Risks.
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Private equity-backed buyers accounted for 73.1% of all deals in the period.
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Sources expect at least $80mn-$90mn of insured losses stemming from the case.
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