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This will allow Ark to write business on surplus line paper and Lloyd’s business. -
Rates and limits have done the heavy lifting to date – but there are other options.
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The team is led by ex-Liberty Mutual executive David Perez who was hired for the launch in October.
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The executive has been with the firm since 2011.
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The industry veteran has also held roles at Marsh, Willis and CNA.
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Inflation indices fell in April, but some items related to P&C are still elevated.
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Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.
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Large account and E&S property have gotten competitive faster than expected.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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He was most recently middle market casualty leader and EVP at Chubb.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
