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Underwriting remains disciplined as insurers target profitable growth.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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Ball will succeed Jeff Poliseno, who is set to retire.
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Overall, insurance rates fell by 1%, led by competition in property.
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The carrier saw 16% growth during the quarter.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
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Sources said that a deal between the two sides could be reached in the next couple of weeks.
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Sources said that Nacional would only consider a bid north of $150mn.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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Current rates at 2% to 2.5% translate to an 86% incurred loss ratio.
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Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
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Deal flow is still far below levels seen in 2021.