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The MGA’s underwriting capacity for casualty programs now totals $17mn. -
But auto insurance is still a ‘hot-button’ item for carriers.
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It is backed by paper from MS Transverse, this publication understands.
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The average 2023 premium renewal rate change for commercial property was significantly higher than 2022 across all months.
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A quick roundup of this week’s biggest stories.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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“Unfortunately, it's a situation of getting rate to fund [the litigation costs] and being able to stay in the market long term,” Taylor told Insurance Insider US in an interview.
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The new financing builds on the $148mn raised to date and follows recent belt-tightening measures that included layoffs.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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On a conference call with analysts, CEO Michael Kehoe described high growth rates from over the last five years as an “anomaly” and warned investors of possible "mean reversion” ahead.
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The unit will focus on commercial risks with a specialized approach in niche verticals, such as construction, commercial real estate, hospitality, manufacturing and technology.
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The executive joins Atain after over a year at German insurer HDI Global, where she was executive underwriter.
