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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector. -
The move comes after the company posted 52% YoY top-line growth in Q3.
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The company announced four key leadership appointments on Wednesday.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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Veradace claims the deal benefits Tiptree management at shareholder expense.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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The broker will join Ron Borys’ financial lines team.
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The global insurer will need to convince investors on the quality of the book.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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