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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”. -
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.
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London-based US excess casualty writers are increasingly looking to attach lower in the tower.
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The larger awards over the past two years could serve as an anchor for future verdicts.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
