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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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The US casualty market was “challenging”, the executive said.
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Property rate increases decelerated to 3% in the quarter.
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Researchers expect 15-20 named storms to form in the Atlantic Basin.
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Pauline Morley will report to John Van Decker, head of global financial lines.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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Cyber Quoting will connect global cyber insurers and US distributors.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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A total of 8% of issuers under criteria observation received negative rating actions.
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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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The executive joins from regional insurer ASSA, where he spent almost 16 years.
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Underlying improvement was driven by a decrease in personal lines core CoR.
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However, capacity build has slowed over the past year, sources say.
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Ulrich Kadow will become global head of product management and underwriting transformation.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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The parties completed the acquisition of JRG Re “at the previously agreed upon terms".
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James Lawrence brings with him thirty-five-year of insurance industry experience
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WTW predicted that ‘meaningful softening’ could creep into energy markets during the year.
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The US regulator faces litigation from both sides of the climate issue.
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Increased reinsurance retentions left some insurers with their worst net results in a decade.
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Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
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Scott Reinke joins the specialty insurer’s transactional surety team from Arch.
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The new offering marks the expansion of BHSI’s US marine facilities.
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Duncan Milne and Cabot Lyman are both leaving Aon for McGill.
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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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Beckham will succeed Ben Francavilla, who is retiring.
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For workers’ comp, premium renewal rates were down -0.88% compared to -0.64% for Q4.
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The average rate increase in the cyber market stands at 1.6%.
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The Insurance Insider US news team runs you through the past week’s key M&A deals.
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Social and medical inflation and litigation financing were among the factors cited.
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The MGA’s underwriting capacity for casualty programs now totals $17mn.
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