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The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Aon will provide further updates on NFP and deal financials, on its earnings call tomorrow.
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The company is understood to be working with Ardea Partners.
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The practice aligns existing capabilities from Marsh Specialty and others.
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The carrier will reassess the market in the fourth quarter, or early in 2025.
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Despite a smaller number of claims, ransomware payments hit all-time highs last year.
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It is understood that the company needs to secure cash within less than 30 days.
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He was most recently global COO of reinsurance at AIG.
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The financing was oversubscribed, with strong demand from new and existing lenders.
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The transaction value represents approximately 5.9x of its 2023 revenue and 28x net income.
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Existing non-competes for senior executives can remain in force, however.
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Farmers is working with Jetty to help ensure a smooth transition.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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The city alleges defendants knowingly allowed an “unseaworthy” Dali to set sail.
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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 has been with Zurich since 2018.
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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.
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The executive is to step back for personal reasons.
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Our new database allows readers to track everyone on the move across the US P&C industry – all in one place.
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The deal cleared a major antitrust hurdle two months ago.
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US SCS accounted for nearly $11bn in global insured losses.
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The firm reportedly parted ways with 120-130 employees as part of the cuts.
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A quick roundup of this week’s biggest stories.
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The front has lined up its first 10 programs and is confident it will get at least seven or eight of them.
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Sources said Piper Sandler will run the auction for the CIVC-backed firm.
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Formed in 2006, Centauri is a Demotech A-rated firm headquartered in Sarasota.
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Property rate increases decelerated to 3% in the quarter.
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The HNW carrier will launch in Canada this year, starting with Ontario.
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He replaces Joe Bonanno following a realignment of the E&S property leadership.
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A litany of underwriting and quoting constraints has made it much harder to write business.
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The insurer is currently transitioning Corvus' ‘profitable’ $200mn book of business.
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Underlying improvement was driven by a decrease in the personal lines core CoR.
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The filing comes four months after Insurance Insider US revealed Bowhead’s intentions to launch an IPO this year.
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For workers’ comp, premium renewal rates were down -0.88% compared to -0.64% for Q4.
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