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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book. -
Valuations for platforms last year remained steady, at 14.02x Ebitda.
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Finnis was formerly head of commercial lines at WTW.
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The carrier named Jason Neu, financial lines EVP for its E&S subsidiary Westchester, to succeed Stapleton.
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The bill would put new restrictions on bad faith claims, close loopholes.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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The homeowners’ carrier has secured Floir approval.
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Loss estimates for the disaster from the likes of KCC, Verisk and Moody’s RMS now range between $28bn and $40bn.
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Bradley was construction team leader for US casualty at WTW.
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The E&S lines division adds property, casualty and financial lines.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said the MGA secured support from MS Transverse, Axis, AmTrust and Summit for TL business.
