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The company is seeking to promote growth in its US excess casualty book. -
The industry continues to take reserve addition medicine in smaller doses than recommended.
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Andrew George will report to president and CEO of Marsh Martin South.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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The executives will join the company in the coming weeks.
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“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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The funding round valued the company at around $850mn.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Debbie Chalkley has been appointed CFO of Fairfax India.
