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The company’s rate increase in Q4 was 18% for its national accounts property portfolio, clocking in 6 points higher than Q3. -
CEO Dino Robusto hailed “strong underwriting profitability” and voiced optimism about opportunities in 2023.
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The firm’s results and guidance show resilience in the face of economic headwinds.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The attempt to increase the supply of insurance in the state has been submitted for governor approval.
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Jonathan Zaffino joined Ascot in 2020 and was responsible for running the carrier’s (re)insurance platforms in the US and Bermuda.
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Primary liability rate increases currently range from flat to 10% for most commercial projects, private broker Lockton disclosed in its annual construction market report.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s news team runs you through the key M&A deals from the past week.
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The carrier also increased its casualty loss cost assumption to 6% from 5.5%, driven by increased economic and social inflation.
