Liberty Mutual
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Talanx said the transaction will make the company the third-largest P&C insurer in Latin America. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The quarterly performance was driven by the global retail market unit which reported $892mn in catastrophe losses during the quarter.
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The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.
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2022 statutory data is now available, and results show winners and losers
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The US mutual cut back its 1.1 reinsurance program, according to sources.
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The improvement was driven by higher earned premium and lower employee-related costs, as well as more favorable cat-loss development.
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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 unit will be led by GRS insurance solutions president Liz Geary, until the appointment of a global head of cyber, who will report to her.
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In this newly created position, Korte will report to GRS NA CUO Brandon Fick.
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In his new position, the executive will report to GRS North America specialty president Matt Dolan.
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Increased interest rates and unfavorable market conditions led to reduction in capital issuance activity in the P&C insurance industry in 2022.
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