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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
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Robin Hamilton has been appointed head of energy and marine liability.
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The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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Rate increases are less severe and renewals are flat in some segments.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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A look back at the stories that defined the year in P&C for 2024.