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Rates have fallen an average of 10%, though changes can be highly specific to each property. -
Revenue and expenses grew, in part due to the company’s acquisition of Beat Capital Partners.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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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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The CEO said Ascot would deploy capital where it sees opportunities.
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New CEO Eckert said Conduit had taken “decisive action” after the LA wildfires.
