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The program will offer liability coverage up to $5mn per occurrence. -
Everest’s US wholesale business is seeking to expand its market presence.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024.
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The specialty insurance platform has now exceeded $3.1bn in premiums.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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The program will provide excess casualty coverage across a broad range of industries.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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Live since May 2023, the reinsurer has over 40 trading relationships currently.
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Business hates uncertainty and geopolitical tensions are off the charts.
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The appointments cover US casualty, the US Central region and construction.
