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At least 14 new companies have opened up shop in the state in recent years. -
Commercial property poses the most intense competition due to rates dropping, terms and conditions, and line size.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Insurers must write policies in high-risk areas in order to incorporate the model.
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The automaker’s insurance arm wrote over $300mn in premium last year.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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The carrier has been steadily increasing loss trend estimates.
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Casualty rates increased 4% globally but shot up 9% in the US.
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The IPO was priced at $21 per share, up from the previous target range of $18-$20.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
