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California wildfires account for $40bn of the insured loss tally in H1. -
Commercial liability and commercial property coverage continued to dominate the E&S market.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The company reduced its proportional quota share program from 55% to 20% cession.
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The company also purchased $15mn of SCS parametric coverage.
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The professional lines market remains ‘challenging’ overall, however.
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The specialty reinsurer also saw several bad investments hit the books.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The risk of cyber incidents that cause physical damage is also rising.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has also expanded its relationships with US and UK MGAs.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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