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The global insurer will need to convince investors on the quality of the book. -
Property insurance rates declined by 9%, the same as in the prior quarter.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Northeast Insurance said 55 claims were brought under the Child Victims Act.
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The new chief executive has served on PI’s board since 2018, including as chair.
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The broker will report to Howden US CEO Mike Parrish.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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