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Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
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The city alleges defendants knowingly allowed an “unseaworthy” Dali to set sail.
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Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
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The product was made through a partnership with technology provider Safehub.
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Kirsten Valder has been with Arch for 10 years and before then was a partner at Kennedys Law.
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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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This marks the fifth consecutive quarter of deal volume below the long-term trend line.
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The executive has more than 25 years of experience across reinsurance and finance.
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Prior to her stint at Lockton, the executive worked at Marsh.
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Freeman has spent 11 years in property leadership roles with BHSI.
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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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The executive has been with the firm for 30 years.
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US SCS accounted for nearly $11bn in global insured losses.
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The Insurance Insider US news team runs you through the key M&A deals from the past week.
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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 cyber market faces significant claim notifications from Change Healthcare clients.
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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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Its risk management of US captive reinsurance contracts has improved, the agency said.
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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 the 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.