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Its full-year combined ratio for 2024 ballooned to 334.6%, from 124.7% in 2023. -
Cue a feeding frenzy from suitors and a frenzy of speculation from the market.
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The underwriter will be based in New York and drive underwriting strategy.
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The company has seen four straight years of double-digit growth.
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Markel also announced the appointment of Jon Michael to its board.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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BHSI is dividing its retail general property unit into four regions.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Newly released annual stat filings on reserve data show some troubling trends.
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The insurance industry has experienced mounting losses from severe convective storms.
