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Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4. -
Executives noted that US casualty and professional lines development has been close to flat this year.
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The appointments will enhance Chubb’s Latin American leadership structure.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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Rate deceleration in property cat increased in September, and property pricing overall was down in Q3.
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The stock was hovering around $40 per share just before closing.
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The sale is expected to close next month, though terms are not yet final.
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The promotion is effective as of January 1.
