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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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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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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 model factors in the effects of climate change to date.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
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Shapella will also join the company’s executive leadership team.