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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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This publication revealed that Chris Schaper would move into the role on an interim basis in July.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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Q3 expansion was fueled by 9.9% of personal lines organic growth.
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Both executives will be reporting to EVP Bill Hazelton.
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The renewal book has auto, home, renters and condo policies, among others.
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A quick roundup of today’s need-to-know news, including James River, D&O and Sedgwick.
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Ceding commissions remain elevated but primary rates are improving reinsurer margins.
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Carlyle re-launched efforts to find minority investor last June.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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The model factors in the effects of climate change to date.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.