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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US. -
The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
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The parties now have 60 days to file a stipulation to dismiss the action.
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A district court judge had dismissed the case in September, with prejudice.
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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
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HSB CEO Greg Barats and American Modern CEO Andreas Kleiner will retire at the end of Q1 2026.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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This publication revealed earlier Everest could sell its LatAm and Canadian units.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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Fleming Re bought the James River Re legacy book in 2024.
