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He will lead AIG’s business across Latin America and the Caribbean. -
Two wind and hail events were responsible for 60% of the total.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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State Farm will need to provide its CA subsidiary with a $400mn surplus note.
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The medical CPI is up 3.1% for the last 12 months.
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The Tampa-based insurer says it will use the capital for general corporate purposes.
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Broadstreet announced the most deals, followed by Hub and Gallagher.
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Growth and returns on equity fall, but most of the industry is still profitable.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The total cost for the program increased 1.8% from last year’s.
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With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
