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The company said the reduction was due to years of steady improvements.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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The program’s total limit this year is down $594mn to $1.36bn.
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The broker noted a “significant variation” in renewal outcomes.
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The measure could have landed insurers with extra tax on US business.
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The exec said the feds have been given data to potentially pursue criminal charges.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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The research team presents the May cat heatmap.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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The appointments are pending regulatory approval.