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The year-to-date CoR was down 9.5 points to 102.8% compared to 2023.
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Lee succeeds Neill Currie, who will become an independent director.
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The company said Helene claims have surpassed those of Hurricane Ian.
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It is understood that the TPA is working with Waller Helms on the process.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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The all-items index is up 2.6% for the last 12 months.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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This publication revealed that Chris Schaper would move into the role on an interim basis in July.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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Both executives will be reporting to EVP Bill Hazelton.
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Carlyle re-launched efforts to find minority investor last June.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.