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Both appointments are effective immediately. -
She steps in to replace Phil Taylor, who left the company in September.
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Heritage’s Q3 combined ratio improved 10.2 points to 100.6% driven by lower losses and expenses.
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Sources said that the AmTrust-backed fronting carrier has retained Evercore to run the process.
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The wildfire started Wednesday and is 0% contained so far.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
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Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
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The carrier increased specialty premium by 39% by the nine-month mark.
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Earnings call commentary shows pockets of casualty reserve strengthening for AY 2020-2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive spent over 15 years at Aon in various M&A-related positions.
