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The Insurance Insider US news team runs you through the earnings results for the day. -
CEO Marchioni said the overall hit would likely be “in the low single digits”.
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Severe weather in March drove monthly and Q1 losses to historic highs.
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The executive will define strategic priorities and guide global growth.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
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The sale price represents Elephant’s approximate net asset value.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The law imposes limits on third-party litigation funding, among other changes.
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The BRIC program helped fund local resiliency programs, which can reduce loss costs.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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Howard and Moore were among a group to receive letters over links to prior insurance insolvencies.
