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Business written in California, Florida, and Texas averaged a 22.7% YoY gain last month.
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
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This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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The company says its insurance policies “include significant property and inventory coverage”.
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Former NTUM president Justin Joyce will lead the ANTU binding unit.
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Other executive hires include AIG’s Joseph Fitzpatrick as head of distribution.
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The pair join from Validus Re and Axa XL.
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From here on out, insurers will likely have to rely on the strength of their individual stories.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Sources said the company has halted its Q2 listing and will reassess the market next year.
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The executive joined the firm in January from Nationwide.
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Rooker joined the Texas brokerage in 1999, while Schramm joins from CNA.
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There was no material development on long-tail casualty lines across all years, he said.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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The company raised $7mn in a Series A in January 2021.
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Global attacks hit a record high in 2023 and show no sign of slowing in 2024.
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The company plans to grow exposure for June 1 and July 1 renewals.
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Approximately 1.2 million units are vacant throughout the state.
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Michael Smith is a former mortgage broker.
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The policy offering expands third-party liability coverage and wage and hour liability.
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Industry results look good despite recent GDP/CPI numbers, but there is still cause for concern.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The first event tower exhausts at $1.1bn for the Northeast, $1.3bn for the Southeast and $750mn in Hawaii.
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Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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The discussions come as the region has seen increased M&A activity in recent years.
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Overall economic losses hit $45bn in the first quarter of 2024.
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Flash floods moved into Texas overnight and into the lower Mississippi Valley Monday.
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Heron has over 25 years of brokerage experience, mostly in real estate roles.
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The executive is replacing Chad Cundliffe, who is retiring from the company.
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deLaricheliere will report to WTW head of FIPS Brad Messinger.
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She most recently served as USAA’s automobile and international product line leader.
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The executive brings more than three decades of experience to the role.
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