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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The California wildfires in January accounted for $460mn of Q1 cat activity.
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Customers are demanding more in a larger move towards the E&S market.
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The company is also pursuing “deconcentration” to lower SCS exposure.
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But automotive repair costs are likely to increase faster than home repair.
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Primary and excess casualty in the US saw double-digit rate growth and remained above loss trends in Q1.
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The remediation process is on track for completion in the fourth quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The days of 30%+ growth are probably behind the firm, he said.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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The LA fires and spring storms drove CinFin's CoR up 19.7 points to 113.3%.