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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation. -
The medical CPI is up 3% for the last 12 months.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The appointments cover US casualty, the US Central region and construction.
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The announcement spurred a quick spike in stock market valuations.
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The coverage will only be available in Illinois and Michigan at first.
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This publication revealed last year that Brownyard was considering a sale.
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The company has hired Axa XL’s Irvine to lead the new platform.
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The program is being launched through subsidiary Southern Marine.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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The package comprises a $100mn cat bond and a $70mn sidecar.
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The company is expanding availability of its large enterprise offerings.
