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The PE firm held 3.1% of the company’s shares, but will now hold none. -
The city said it was self-insured at the time of the attack.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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The valuation for the Jay Rittberg-led program manager is understood to be $1bn+.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The capacity deal comes over a year after Dual recruited Marilena Rodriguez Forero as CEO for the region.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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The tech error, now resolved, halted traffic to sites like X and ChatGPT.
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The executive joined the company from Zurich last year.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.
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Bryant has spent over 30 years with the specialty carrier.
